By Sheri Kasprzak
New York, May 8 - Nuinsco Resources Ltd. has negotiated a C$3 million private placement.
The non-brokered offering includes up to 4,687,500 shares at C$0.32 each and up to 3.75 million flow-through shares at C$0.40 each.
The proceeds will be used for exploration on the company's Diabase Peninsula uranium property and for working capital and general corporate purposes.
Located in Toronto, Nuinsco is a mineral exploration and development company focused on uranium, nickel, copper, zinc and gold properties in Canada and Turkey.
| Issuer: | Nuinsco Resources Ltd.
|
| Issue: | Flow-through and non flow-through shares
|
| Amount: | C$3 million
|
| Placement agent: | Non-brokered
|
| Pricing date: | May 5
|
| Stock symbol: | Toronto: NWI
|
| Stock price: | C$0.375 at close May 5
|
|
|
| Non flow-through shares
|
| Shares: | 4,687,500
|
| Price: | C$0.32
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Shares: | 3.75 million
|
| Price: | C$0.40
|
| Warrants: | No
|
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