By Susanna Moon
Chicago, June 13 - Apogee Minerals Ltd. will issue C$5 million of units in a private placement, according to a press release.
The company plans to sell 10 million units, consisting of one share and one-half warrant, priced at C$0.50 per unit.
Each whole warrant can be exercised at $0.75 for 18 months.
Proceeds will help fund the development of key projects.
Apogee is an exploration and development company based in Toronto.
Issuer Apogee Minerals Ltd.
| Issue: | Units comprising one common share and one-half warrant
|
| Amount: | C$5 million
|
| Units: | 10 million
|
| Price: | C$0.50
|
| Warrants: | One-half share per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.75
|
| Agent: | Non-brokered
|
| Pricing date: | June 13
|
| Stock symbol: | TSX Venture: APE
|
| Stock price: | C$0.53 at close June 12
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
