By Laura Lutz
Des Moines, Nov. 17 - Golden Hope Mines Ltd. arranged a private placement of units for up o C$4.2 million.
The company plans to sell up to 4 million units of one share and one half-share warrant a C$0.55 per unit and up to 3,333,333 flow-through shares at C$0.60 per share. Each whole warrant will be exercisable at C$0.75 for 18 months.
The offering will be co-led by Sprott Securities Inc. and Dundee Securities Corp.
Proceeds from the sale of flow-through shares will be used for exploration on the company's Bellechasse gold project. Proceeds from the sale of units will be used for additional exploration and general corporate purposes.
Settlement is expected on Dec. 6, subject to regulatory approvals.
Golden Hope is a resource exploration company based in Toronto.
| Issuer: | Golden Hope Mines Ltd.
|
| Issue: | Units of one share and one half-share warrant and flow-through shares
|
| Amount: | C$4.2 million
|
| Agents: | Sprott Securities Inc., Dundee Securities Corp.
|
| Pricing date: | Nov. 17
|
| Settlement date: | Dec. 6
|
| Stock symbol: | TSX Venture: GNH
|
| Stock price: | C$0.65 at close Nov. 16
|
|
|
| Units
|
| Units: | 4 million
|
| Price: | C$0.55
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.75
|
|
|
| Flow-through shares
|
| Shares: | 3,333,333
|
| Price: | C$0.60
|
| Warrants: | No
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
