By Sheri Kasprzak
New York, Dec. 16 - Christopher James Gold Corp. said it intends to raise up to C$2 million in a private placement.
The offering includes up to 1.25 million flow-through units at C$0.40 each and up to 5 million non flow-through units at C$0.30 each.
The flow-through units consist of one flow-through share and one half-share warrant. The whole warrants are exercisable at C$0.70 each for one year.
The non flow-through units are comprised of one non flow-through share and one half-share warrant. The whole warrants are exercisable for one year at C$0.60 each.
Proceeds will be used for exploration and development on the company's mineral properties and for general corporate purposes.
Vancouver, B.C.-based Christopher James is a gold exploration company.
| Issuer: | Christopher James Gold Corp.
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| Issue: | Flow-through and non flow-through units of one share and one half-share warrant
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| Amount: | C$2 million (maximum)
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| Placement agent: | Non-brokered
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| Pricing date: | Dec. 16
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| Stock price: | C$0.35 at close Dec. 15
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|
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| Flow-through units
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| Units: | 1.25 million (maximum)
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| Price: | C$0.40
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.70
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| Non flow-through units
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| Units: | 5 million (maximum)
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| Price: | C$0.30
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.60
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