By Sheri Kasprzak
New York, Dec. 7 - BrazMin Corp. priced a C$3 million private placement.
The company plans to sell, on a non-brokered basis, 2,222,222 units at C$1.35 each to a group of resource investors, including Macquarie Bank Ltd.
The units include one share and one half-share warrant. The full warrants allow for the purchase of another share at C$1.70 each for one year.
The deal is scheduled to close on Dec. 31.
Proceeds will be used for exploration on the company's Sao Jorge project in Brazil. The rest will be used for other exploration and for general corporate purposes.
Based in Tortola, British Virgin Islands, BrazMin is a gold exploration company.
| Issuer: | BrazMin Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 2,222,222
|
| Price: | C$1.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.70
|
| Placement agent: | Non-brokered
|
| Investor: | Macquarie Bank Ltd., other resources investors
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 31
|
| Stock price: | C$1.43 at close Dec. 7
|
|
|
© 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.
