Pershing Gold Corp. has accepted subscriptions for the sale of approximately $6.9 million in gross proceeds of 2,120,882 Units, with each Unit comprised of 1 share of Common Stock and a 30 month warrant to acquire 0.5 of a share of Common Stock at an exercise price of $5.06, pursuant to subscription agreements with certain accredited investors, at a price of $3.25 per Unit. This investment follows the previous sale of 367,467 shares of the Company’s Common Stock to affiliates of the Company, for gross proceeds of approximately $1.25 million. Laidlaw & Co Ltd. served as exclusive placement agent. ROTH Capital Partners, LLC and Rodman & Renshaw also served as advisors on the transaction.
For more information, go to www.PershingGold.com.
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