By Devika Patel
Knoxville, Tenn., Sept. 9 - Golden Odyssey Mining Inc. said it plans a non-brokered private placement of units for C$2 million.
The company will sell flow-through units at C$0.25 apiece. Each unit consists of one flow-through share and one warrant.
It also will sell non flow-through units at C$0.20 per unit. Each of these units consists of one common share and one warrant.
The warrants are exercisable at C$0.30 for one year.
Proceeds will be used for a drill program on the Deerhorn property and for general working capital.
Based in Toronto, Golden Odyssey is a gold exploration company.
| Issuer: | Golden Odyssey Mining Inc.
|
| Issue: | Flow-through units of one flow-through share and one warrant; non flow-through units of one common share and one warrant
|
| Amount: | C$2 million
|
| Warrants: | One warrant per unit
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| Warrant strike price: | C$0.30
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| Warrant expiration: | One year
|
| Agent: | Non-brokered
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| Pricing date: | Sept. 9
|
| Stock symbol: | TSX Venture: GOE
|
| Stock price: | C$0.24 at close Sept. 8
|
| Market capitalization: | C$9.35 million
|
|
|
| Flow-through units
|
| Price: | C$0.25
|
|
|
| Non flow-through units
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| Price: | C$0.20
|
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