By Laura Lutz
Des Moines, May 8 - Beartooth Platinum Corp. completed a private placement of units for C$3 million.
The company sold 27,272,727 units of one share and one warrant at C$0.11 per unit. Each warrant is exercisable at C$0.15 for two years.
Proceeds will be used for exploration and development and for general corporate purposes.
Beartooth is a Toronto-based mineral exploration company.
| Issuer: | Beartooth Platinum Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3 million
|
| Units: | 27,272,727
|
| Price: | C$0.11
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15
|
| Settlement date: | May 8
|
| Stock symbol: | TSX Venture: BTP
|
| Stock price: | C$0.155 at close May 7
|
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