By Sheri Kasprzak
New York, April 19 - Royal Standard Minerals Inc. said it has increased the size of its previously announced private placement to C$15 million from C$11 million.
The non-brokered deal now includes up to 13,043,478 units at C$1.15 each, a 25.8% discount to the company's C$1.55 closing stock price from April 7.
The units consist of one share and one half-share warrant with each whole warrant exercisable at C$1.75 for two years.
The deal priced on April 10 as an C$11 million offering of up to 9,565,217 units.
Based in Manhattan, Nev., Royal Standard is a mineral exploration company.
Issuer: | Royal Standard Minerals Inc.
|
Issue: | Units of one share and one half-share warrant
|
Amount: | C$15 million (maximum)
|
Units: | 13,043,478 (maximum)
|
Price: | C$1.15
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$1.75
|
Placement agent: | Non-brokered
|
Pricing date: | April 10
|
Upsized: | April 19
|
Stock symbol: | TSX Venture: RSM
|
Stock price: | C$1.55 at close April 10
|
Stock price: | C$1.50 at close April 18
|
|
© 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.