UrbanGold Minerals Inc. is pleased to announce that it has closed its initial public offering. The investors subscribed for $2,479,935 representing approximately 83% of the maximum size of the total Offering. A total of 10,805,500 units were sold at a price of $0.10 per unit, each unit consisting of 1 common share and ½ common share purchase warrant exercisable for 1 year at a price of $0.13. A total of 10,764,500
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