By Devika Patel
Knoxville, Tenn., Oct. 21 - Dynasty Metals & Mining Inc. said it will raise C$6 million in a private placement of stock via a syndicate of underwriters led by Canaccord Capital Corp. and including Cormark Securities Inc.
The company will sell 1.5 million common shares at C$4.00 per share on a bought-deal basis.
Settlement is expected Nov. 3.
Proceeds will be used to fund development of the corporation's Ecuador properties as well as for general corporate purposes.
Dynasty is a mining company based in Vancouver, B.C.
| Issuer: | Dynasty Metals & Mining Inc.
|
| Issue: | Common stock
|
| Amount: | C$6 million
|
| Shares: | 1.5 million
|
| Price: | C$4.00
|
| Warrants: | No
|
| Agent: | Canaccord Capital Corp. (lead), Cormark Securities Inc.
|
| Pricing date: | Oct. 21
|
| Settlement date: | Nov. 3
|
| Stock symbol: | Toronto: DMM
|
| Stock price: | C$4.46 at close Oct. 20
|
| Market capitalization: | C$152 million
|
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