By Devika Patel
Knoxville, Tenn., Dec. 3 - Northern Continental Resources Inc. said it will sell C$1 million of units in a non-brokered private placement.
The company will sell 10 million units at C$0.10 each.
The units consist of one flow-through common share and one half-share warrant, with each whole two-year warrant exercisable at C$0.15.
Proceeds will be used for exploration.
Northern Continental is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Northern Continental Resources Inc.
|
| Issue: | Units of one flow-through common share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 3
|
| Stock symbol: | TSX Venture: NCR
|
| Stock price: | C$0.085 at close Dec. 2
|
| Market capitalization: | N/A
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
