Deal funds development of the PGM-nickel project, corporate purposes
By Devika Patel
Knoxville, Tenn., July 8 – Wellgreen Platinum Ltd. said it completed a C$2.04 million non-brokered private placement of stock. The deal priced for C$533,000 on June 21 and was increased to C$2,061,776 on June 28 and to C$2,240,276 on June 29.
The company sold 6,796,742 common shares at C$0.30 apiece. The price per share is identical to the June 20 closing share price.
Resource Capital Fund VI LP, Electrum Strategic Opportunities Fund LP, Diane R. Garrett and Gil Leathley were among the investors.
Proceeds will be used for development of the PGM-nickel project and general corporate purposes.
The Vancouver, B.C., company explores for platinum group metals.
| Issuer: | Wellgreen Platinum Ltd.
|
| Issue: | Common shares
|
| Amount: | C$2,039,022
|
| Shares: | 6,796,742
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investors: | Resource Capital Fund VI LP, Electrum Strategic Opportunities Fund LP, Diane R. Garrett and Gil Leathley
|
| Pricing date: | June 21
|
| Upsized: | June 28, June 29
|
| Settlement date: | July 8
|
| Stock symbol: | Toronto: WG
|
| Stock price: | C$0.30 at close June 20
|
| Market capitalization: | C$99.92 million
|
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