By Sheri Kasprzak
New York, July 11 - Nuinsco Resources Ltd. completed its previously announced private placement for C$1,397,600.
The company sold 2.47 million flow-through shares at C$0.40 each and 1.28 million non flow-through shares at C$0.32 each.
The non-brokered deal was priced on May 5 as a C$3 million offering of up to 4,687,500 non-flow-through shares and 3.75 million flow-through shares.
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$1,397,600
|
| Placement agent: | Non-brokered
|
| Pricing date: | May 5
|
| Settlement date: | July 11
|
| Stock symbol: | Toronto: NWI
|
| Stock price: | C$0.375 at close May 5
|
| Stock price: | C$0.295 at close July 11
|
|
|
| Non flow-through shares
|
| Shares: | 1.28 million
|
| Price: | C$0.32
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Shares: | 2.47 million
|
| Price: | C$0.40
|
| Warrants: | No
|
|
|
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