By Laura Lutz
Des Moines, July 31 - Amerix Precious Metals Corp. increased the maximum size of its previously announced private placement of units to C$3.81 million from C$3.5 million.
Coniston Investment Corp. is the investor.
The company now plans to sell up to 15.24 million units of one share and one half-share warrant at C$0.25 per unit. Each whole warrant will be exercisable at C$0.35 for one year.
The warrants may expire sooner if the share price exceeds C$0.45 for 10 consecutive trading days at any time more than four months after closing.
The deal priced on July 12 as an offering of up to 14 million units.
Settlement is expected on Aug. 8.
Proceeds will be used for exploration on Amerix's Brazilian properties and for general corporate purposes.
Toronto-based Amerix is a precious metals exploration company focused on gold properties in Brazil.
| Issuer: | Amerix Precious Metals Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3.81 million
|
| Units: | 15.24 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.35
|
| Investor: | Coniston Investment Corp.
|
| Pricing date: | July 12
|
| Upsized: | July 31
|
| Settlement date: | Aug. 8
|
| Stock symbol: | TSX Venture: APM
|
| Stock price: | C$0.27 at close July 12
|
| Stock price: | C$0.25 at close July 31
|
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