By Devika Patel
Knoxville, Tenn., Feb. 4 - Golden Band Resources Inc. said it completed a C$7.5 million private placement of units. Cormark Securities Inc. and Casimir Capital LP were the agents of the deal, which priced for C$9 million Jan. 21.
The company sold 29,990,900 units of one common share and one half-share warrant at C$0.25 per unit on best-efforts basis.
Each whole warrant will be exercisable at C$0.45 for two years.
Proceeds will be used for general corporate purposes.
Golden Band is a gold exploration company based in Saskatoon, Saskatchewan.
| Issuer: | Golden Band Resources Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$7,497,725
|
| Units: | 29,990,900
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Agents: | Cormark Securities Inc., Casimir Capital LP
|
| Pricing date: | Jan. 21
|
| Settlement date: | Feb. 4
|
| Stock symbol: | TSX Venture: GBN
|
| Stock price: | C$0.235 at close Jan. 20
|
| Market capitalization: | C$38.1 million
|
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