March 8 (Reuters) - Algold Resources Ltd ALG.V :
* Algold announces $4 million bought deal offering
* Algold resources ltd says proceeds from offering will be used to carry out exploration drilling at company's mineral properties
* Algold resources ltd - underwriters shall purchase 20 million units in capital of corporation on a bought deal basis at a price of $0.20 per unit Source text for Eikon: ID:nCNWt0JPva Further company coverage: ALG.V