By Devika Patel
Knoxville, Tenn., May 6 - Continental Precious Minerals Inc. announced it has completed a C$2 million private placement of units.
The company sold 4 million units at C$0.50 per unit. Each unit consists of one common share and one warrant. Each warrant is exercisable at C$0.75 for three years.
Canaccord Capital Corp. was the finder.
Toronto-based Continental Precious Minerals is a mineral exploration company.
| Issuer: | Continental Precious Minerals Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2 million
|
| Units: | 4 million
|
| Price: | C$0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.75
|
| Finder: | Canaccord Capital Corp.
|
| Settlement date: | May 6
|
| Stock symbol: | Toronto: CZQ
|
| Stock price: | C$0.72 at close May 6
|
| Market capitalization: | C$34.3 million
|
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