By Sheri Kasprzak
New York, May 26 - Consolidated Pacific Bay Minerals Ltd. wrapped up a C$1,040,900 private placement.
The company issued 1.6 million flow-through units at C$0.40 each and 1,145,428 non flow-through units at C$0.35 each.
The flow-through units consist of one share and one warrant. Each warrant is exercisable at C$0.45 for one year.
The non flow-through units are comprised of one share and one warrant. The whole warrants are exercisable at C$0.40 each for one year.
The offering was not brokered.
Consolidated Pacific Bay, based in Vancouver, B.C., is a uranium exploration company.
| Issuer: | Consolidated Pacific Bay Minerals Ltd.
|
| Issue: | Flow-through and non flow-through units of one share and one warrant
|
| Amount: | C$1,040,900
|
| Placement agent: | Non-brokered
|
| Settlement date: | May 25
|
| Stock symbol: | TSX Venture: CBP
|
| Stock price: | C$0.26 at close May 25
|
|
|
| Flow-through units
|
| Units: | 1.6 million
|
| Price: | C$0.40
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.45
|
|
|
| Non flow-through units
|
| Units: | 1,145,428
|
| Price: | C$0.35
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
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