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BRIEF-Taku Gold proposes private placement for up to $5 mln

Nov 12 (Reuters) - Taku Gold Corp: * Proposes private placement for up to $5,000,000 * Says private placement offering of up to 4,762,000 flow through units at a price of $0.42 per ft unit * Says proceeds from the sale of the ft units will be used for exploration for Taku's properties * Says also offering up to 7,895,000 units at a price of $0.38 per unit ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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