By Laura Lutz
Des Moines, April 20 - Goldbrook Ventures Inc. arranged a private placement of units for up to C$14,000,250.
The company plans to sell up to 15 million flow-through units at C$0.40 each and up to 22,857,857 non flow-through units at C$0.35 each.
Each flow-through unit will consist of one flow-through share, one half-share warrant with a strike price of C$0.50 per share and one half-share warrant with a strike price of C$1.00 per share.
Each non flow-through unit will consist of one non flow-through share, one half-share warrant with a strike price of C$0.50 per share and one half-share warrant with a strike price of C$1.00 per share.
Each whole warrant will be exercisable for one non flow-through share for three years.
Pacific International Securities Inc. will act as agent for all of the flow-through units and up to 5.715 million of the non flow-through units.
Gilford Securities will act as agent for up to 17,142,857 of the non flow-through units. Gilford has a greenshoe for up to 5.5 million additional non flow-through units.
Proceeds will be used for a property acquisition, for exploration and for general corporate purposes.
Goldbrook is a resource exploration company based in Vancouver, B.C.
| Issuer: | Goldbrook Ventures Inc.
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| Issue: | Units of one flow-through share, one half-share warrant with a C$0.50 strike price and one half-share warrant with a C$1.00 strike price; units of one non flow-through share, one half-share warrant with a C$0.50 strike price and one half-share warrant with a C$1.00 strike price
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| Amount: | C$14,000,250
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| Agent: | Pacific International Securities Inc. (for flow-through units and up to 5.715 million non flow-through units); Gilford Securities (for up to 17,142,857 non flow-through units)
|
| Pricing date: | April 20
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| Stock symbol: | TSX Venture: GBK
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| Stock price: | C$0.355 at close April 20
|
|
|
| Flow-through units
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| Units: | 15 million
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| Price: | C$0.40
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| Warrants: | Two half-share warrants per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | C$0.50 for one half-share warrant per unit; C$1.00 for one half-share warrant per unit
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|
|
| Non flow-through units
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| Units: | 22,857,857
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| Greenshoe: | For 5.5 million units
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| Price: | C$0.35
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| Warrants: | Two half-share warrants per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | C$0.50 for one half-share warrant per unit; C$1.00 for one half-share warrant per unit
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