By Laura Lutz
Des Moines, March 27 - Nuinsco Resources Ltd. arranged a private placement of flow-through shares for C$5 million.
The company plans to sell 8,620,690 flow-through shares at C$0.58 each.
The underwriter, Raymond James Ltd., has a greenshoe for up to 1,724,138 flow-through shares for additional proceeds of up to C$1 million.
Settlement is expected on April 12.
Proceeds will be used for exploration on the company's uranium and gold projects.
Based in Toronto, Nuinsco is a mineral exploration company focused on nickel, uranium, copper, zinc and gold.
Issuer: | Nuinsco Resources Ltd.
|
Issue: | Flow-through shares
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Amount: | C$5 million
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Shares: | 8,620,690
|
Greenshoe: | For up to 1,724,138 shares
|
Price: | C$0.58
|
Warrants: | No
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Underwriter: | Raymond James Ltd.
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Pricing date: | March 27
|
Settlement date: | April 12
|
Stock symbol: | Toronto: NWI
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Stock price: | C$0.485 at close March 27
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