By Devika Patel
Knoxville, Tenn., June 30 - Nemaska Exploration Inc. said it raised C$1.99 million in a private placement of units.
The company sold 1.65 million units at C$0.40 each and 2,665,000 flow-through units at C$0.50 each.
Each unit consists of one common share and one warrant. Each flow-through unit consists one flow-through common share and one half-share warrant.
Each full warrant is exercisable for two years at C$0.60.
NCP Northland Capital Partners Inc. and Industrial Alliance Securities Inc. were the agents.
Nemaska is a mineral exploration company based in Quebec City.
| Issuer: | Nemaska Exploration Inc.
|
| Issue: | Units of one common share and one warrant; flow-through units of one flow-through common share and one half-share warrant
|
| Amount: | C$1,992,500
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Agents: | NCP Northland Capital Partners Inc. and Industrial Alliance Securities Inc.
|
| Settlement date: | June 30
|
| Stock symbol: | TSX Venture: NMX
|
| Stock price: | C$0.42 at close June 30
|
| Market capitalization: | C$18.2 million
|
|
|
| Units
|
| Amount: | C$660,000
|
| Units: | 1.65 million
|
| Price: | C$0.40
|
| Warrants: | One per unit
|
|
|
| Flow-through units
|
| Amount: | C$1,332,500
|
| Units: | 2,665,000
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
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