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Crocodile Gold Increases Convertible Debenture Offering to $30M; Shares Down 13%

Crocodile Gold Corp. (CRK.TO) has increased the size of its previously announced $25 million debenture offering to $30 million. The company has entered into an underwriting agreement with Raymond James Ltd. in connection with a marketed public offering of $30 million aggregate principal amount of 5.0% convertible second lien debentures.

Crocodile Gold is pursuing the debenture offering to fund several key projects that will further the growth of the company in both the Northern Territory and State of Victoria in Australia.

CRK shares fell 3.5 cents to $0.225 on volume of 191,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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