By Laura Lutz
Des Moines, June 6 - Nass Valley Gateway Ltd. settled an oversubscribed private placement of units for C$1,095,041.25.
The company sold 2,020,849 flow-through units at C$0.37 apiece and 1,240,454 non flow-through units at C$0.28 apiece.
Each flow-through unit consists of one flow-through share and one half-share non flow-through warrant with each whole warrant exercisable at C$0.50 for one year.
Each non flow-through unit consists of one non flow-through share and one half-share non flow-through warrant with each whole warrant exercisable at C$0.40 for one year.
Blackmont Capital Corp., Canaccord Capital Corp. and Pacific International Securities Inc. acted as agents.
The deal priced on March 23 as an 835,000 offering of up to 1.5 million flow-through units and up to 1 million non flow-through units.
Proceeds will be used for drilling and working capital.
Nass Valley is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Nass Valley Gateway Ltd.
|
| Issue: | Units of one flow-through share and one half-share non flow-through warrant; units of one non flow-through share and one half-share non flow-through warrant
|
| Amount: | C$1,095,041.25
|
| Agents: | Blackmont Capital Corp., Canaccord Capital Corp., Pacific International Securities Inc.
|
| Pricing date: | March 23
|
| Settlement date: | June 6
|
| Stock symbol: | CNQ: NVGL
|
| Stock price: | C$0.33 at close June 6
|
|
|
| Flow-through units
|
| Units: | 2,020,849
|
| Price: | C$0.37
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.50
|
|
|
| Non flow-through units
|
| Units: | 1,240,454
|
| Price: | C$0.28
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
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