By Laura Lutz
Des Moines, Nov. 27 - PMI Gold Corp. plans to conduct a non-brokered private placement of units for C$2.8 million.
The company intends to sell up to 10 million units of one share and one half-share warrant at C$0.28 per unit. Each whole warrant will be exercisable for two years, at C$0.375 in the first year and at C$0.45 in the second year.
Proceeds will be used for engineering studies at the company's gold projects in Ghana and for working capital.
PMI is a mining company based in Vancouver, B.C.
| Issuer: | PMI Gold Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2.8 million
|
| Units: | 10 million
|
| Price: | C$0.28
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.375 in the first year; C$0.45 in the second year
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 27
|
| Stock price: | TSX Venture: PMV
|
| Stock price: | C$0.26 at close Nov. 26
|
© 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.
