July 19 (Reuters) - Teranga Gold Corp TGZ.TO :
* As a result of placement, Teranga owns approximately 5 percent of Gryphon's issued shares
* Teranga Gold announces 5% equity investment in Gryphon Minerals
* Subscribed for 21.2 million ordinary shares of Gryphon for total consideration of approximately a $4.4 million (US$3.4 million)
* Placement price of a $0.206 per Gryphon share Source text for Eikon: ID:nCCN8J8pgy Further company coverage: TGZ.TO
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