Proceeds allocated to develop the Taysan Copper-Gold Porphyry Project
By Devika Patel
Knoxville, Tenn., July 6 - Crazy Horse Resources Inc. said it has completed a C$5 million private placement of stock.
The company sold 6,666,667 common shares at C$0.75 apiece to Copper Development Corp. The purchase price is identical to the July 5 closing share price.
Proceeds will be used to develop the company's Taysan Copper-Gold Porphyry Project in the Philippines.
Crazy Horse is a Vancouver, B.C.-based copper and gold exploration company.
| Issuer: | Crazy Horse Resources Inc.
|
| Issue: | Common stock
|
| Amount: | C$5 million
|
| Shares: | 6,666,667
|
| Price: | C$0.75
|
| Warrants: | No
|
| Investor: | Copper Development Corp.
|
| Settlement date: | July 6
|
| Stock price: | TSX Venture: CZH
|
| Stock price: | C$0.75 at close July 5
|
| Market capitalization: | C$37.74 million
|
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