Non-brokered offer consists of units with shares, one-year warrants
By Devika Patel
Knoxville, Tenn., Sept. 7 - Copper Fox Metals Inc. said it plans a C$3 million non-brokered private placement of units with company director Ernesto Echavarria.
The company will sell 2 million units of one common share and one half-share warrant at C$1.50 per unit.
Each whole one-year warrant will be exercisable at C$1.75, a 6.06% premium to the Sept. 6 closing share price of C$1.65.
Copper Fox is a copper resource company based in Vancouver, B.C.
| Issuer: | Copper Fox Metals Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$3 million
|
| Units: | 2 million
|
| Price: | C$1.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.75
|
| Agent: | Non-brokered
|
| Investor: | Ernesto Echavarria
|
| Pricing date: | Sept. 7
|
| Stock symbol: | TSX Venture: CUU
|
| Stock price: | C$1.65 at close Sept. 7
|
| Market capitalization: | C$619.34 million
|
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