Brokered offering will be conducted by Dundee Securities
By Devika Patel
Knoxville, Tenn., Jan. 4 - Nemaska Exploration Inc. said it will conduct a private placement of stock with a Chinese investor. The deal will raise C$3.69 million.
The company will sell 7,370,468 shares at C$0.50 each. Investors will also receive 4,963,050 warrants.
Each warrant is exercisable for one year at C$0.61. The strike price reflects a 7.02% premium to the Jan. 3 closing share price of C$0.57.
The deal will be conducted by Dundee Securities Corp.
Nemaska is a mineral exploration company based in Quebec City.
Issuer: | Nemaska Exploration Inc.
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Issue: | Common shares
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Amount: | C$3,685,234
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Shares: | 7,370,468
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Price: | C$0.50
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Warrants: | 4,963,050
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Warrant expiration: | One year
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Warrant strike price: | C$0.61
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Agent: | Dundee Securities Corp.
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Pricing date: | Jan. 4
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Stock symbol: | TSX Venture: NMX
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Stock price: | C$0.57 at close Jan. 3
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Market capitalization: | C$28.97 million
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