By Laura Lutz
Des Moines, Sept. 28 - Goldbrook Ventures Inc. settled its previously announced non flow-through private placement of units for C$4.39 million, down from the C$7.5 million maximum size announced at pricing on Aug. 13.
The company sold 12,551,357 units at C$0.35 each through agent Cambria Capital, LLC.
The units each consist of one share, one half-share warrant exercisable at C$0.50 per share for three years and one half-share warrant exercisable at C$1.00 per share for three years.
Cambria originally had a greenshoe for up to 15% in the deal.
Proceeds will be used for exploration, working capital and general corporate purposes.
Goldbrook is a resource exploration company based in Vancouver, B.C.
| Issuer: | Goldbrook Ventures Inc.
|
| Issue: | Units of one share, one half-share warrant exercisable at C$0.50 per share and one half-share warrant exercisable at C$1.00 per share
|
| Amount: | C$4,392,975
|
| Units: | 12,551,357
|
| Price: | C$0.35
|
| Warrants: | Two half-share warrants per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.50 for one half-share warrant per unit; C$1.00 for one half-share warrant per unit
|
| Agent: | Cambria Capital, LLC
|
| Pricing date: | Aug. 13
|
| Settlement date: | Sept. 28
|
| Stock symbol: | TSX Venture: GBK
|
| Stock price: | C$0.44 at close Aug. 10; C$0.35 at close Sept. 28
|
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