10:14 AM EST - Cabral Gold Inc. : Announced the terms of a non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.30 per Unit for gross proceeds of up to $3,000,000. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.45 for two years following the date of closing of the Private Placement. Cabral Gold Inc.
shares V.CBR are trading down $0.01 at $0.33.
