Shares, warrants sold between Jan. 13 and Jan. 28 at $0.75 per unit
By Devika Patel
Knoxville, Tenn., Feb. 10 - Gentor Resources Inc. completed a private placement of units between Jan. 13 and Jan. 28, according to an 8-K filed Thursday with the Securities and Exchange Commission. The offering raised $4.49 million.
The company sold 5,983,334 units of one common share and one warrant at $0.75 apiece.
Each warrant is exercisable at $0.90 for one year. The strike price is a 10% discount to $1.00, the Jan. 27 closing share price.
Located in Virginia City, Mont., Gentor is a mineral exploration company.
| Issuer: | Gentor Resources Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $4,487,501
|
| Units: | 5,983,334
|
| Price: | $0.75
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $0.90
|
| Agent: | Non-brokered
|
| Settlement date: | Jan. 28
|
| Stock symbol: | OTCBB: GNTO
|
| Stock price: | $1.00 at close Jan. 28
|
© 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.
