Non-brokered deal sells two types of unit at C$0.20, C$0.25 apiece
By Devika Patel
Knoxville, Tenn., Aug. 3 – Natan Resources Ltd. said it increased a non-brokered private placement of units to C$1 million from C$800,000. The deal priced on July 26.
The company will now sell 3 million units of one common share and one half-share warrant at C$0.20 per unit and 1.6 million flow-through units of one flow-through common share and a half-share warrant at C$0.25 per unit.
Each whole warrant is exercisable at C$0.30 for three years. The strike price is a 20% premium to the July 25 closing share price of C$0.25.
The capital pool company is based in Vancouver, B.C.
| Issuer: | Natan Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant, flow-through units of one flow-through common share and one half-share warrant
|
| Amount: | C$1 million
|
| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | C$0.30
|
| Agent: | Non-brokered
|
| Pricing date: | July 26
|
| Upsized: | Aug. 3
|
| Stock symbol: | TSX Venture: NRL
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| Stock price: | C$0.25 at close July 25
|
| Market capitalization: | C$7.04 million
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| Units
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| Amount: | C$600,000
|
| Units: | 3 million
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| Price: | C$0.20
|
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|
| Flow-through units
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| Amount: | C$400,000
|
| Units: | 1.6 million
|
| Price: | C$0.25
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