By Sheri Kasprzak
New York, Jan. 23 - Christopher James Gold Corp. said it upsized to C$2.13 million its previously announced C$2 million private placement.
The company now plans to sell up to 5.3 million non flow-through units at C$0.30 each and up to 1.35 million flow-through units at C$0.40 each.
The non flow-through units include one non flow-through share and one half-share warrant. The whole warrants are exercisable at C$0.60 each for one year.
The flow-through units are comprised of one flow-through share and one half-share warrant. The full warrants are exercisable at C$0.70 each for one year.
The deal was priced on Dec. 16 as a C$2 million offering of 1.25 million flow-through units and 5 million non flow-through units under the same terms.
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.
|
| Issue: | Flow-through and non flow-through units of one share and one half-share warrant
|
| Amount: | C$2.13 million
|
| Placement agent: | Non-brokered
|
| Pricing date: | Dec. 16
|
| Upsized: | Jan. 23
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| Stock symbol: | TSX Venture: CJG
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| Stock price: | C$0.35 at close Dec. 16
|
| Stock price: | C$0.40 at close Jan. 20
|
|
|
| Flow-through units
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| Units: | 1.35 million
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
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| Warrant expiration: | C$0.70
|
|
|
| Non flow-through units
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| Units: | 5.3 million
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| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
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| Warrant strike price: | C$0.60
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