Company sells two types of unit to finance Treasure Mountain project
By Devika Patel
Knoxville, Tenn., May 31 - Huldra Silver Inc. said it will conduct a C$3.99 million non-brokered private placement of units.
The company will sell 7.5 million flow-through units of one flow-through common share and one half-share warrant at C$0.40 per unit and 3.3 million non flow-through units of one common share and one warrant at C$0.30 per unit.
The two-year flow-through unit warrants are exercisable at C$0.50, a 47.06% premium to the May 30 closing share price of C$0.34. The two-year non flow-through unit warrants are exercisable at C$0.40, a 17.65% premium to the May 30 closing share price.
Proceeds will be used to advance the Treasure Mountain project, for resource exploration, debt repayment and general working capital purposes
Vancouver, B.C.-based Huldra explores and develops silver deposits.
Issuer: | Huldra Silver Inc.
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Issue: | Flow-through units of one flow-through common share and one half-share warrant, non flow-through units of one common share and one warrant
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Amount: | C$3.99 million
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Warrant expiration: | Two years
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Agent: | Non-brokered
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Pricing date: | May 31
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Stock symbol: | TSX Venture: HDA
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Stock price: | C$0.34 at close May 30
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Market capitalization: | C$17.04 million
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Flow-through units
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Amount: | C$3 million
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Units: | 7.5 million
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Price: | C$0.40
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Warrants: | One half-share warrant per unit
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Warrant strike price: | C$0.50
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Non flow-through units
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Amount: | C$990,000
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Units: | 3.3 million
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Price: | C$0.30
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Warrants: | One warrant per unit
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Warrant strike price: | C$0.40
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