By Devika Patel
Knoxville, Tenn., March 24 - Boxxer Gold Corp. announced it closed the third tranche of a C$1 million non-brokered private placement of units, raising C$166,500. The deal priced Jan. 27, and the company took in C$208,800 on Feb. 9 and C$215,000 on Feb. 23 for a total of C$590,300.
The company is selling 10 million units at C$0.10 apiece. It sold 2,088,000 units in the first tranche and 2.15 million units in the second tranche; it sold 1,665,000 units in this one.
The units consist of one common share and one half-share warrant. Each whole one-year warrant will be exercisable at C$0.12 in the first six months and at C$0.15 thereafter.
Proceeds will be used for exploration and general working capital.
Calgary, Alta.-based Boxxer Gold is an exploration-stage company with interests in the Boss property in southern Nevada and the Gordon Lake property in the Canadian Northwest Territories.
| Issuer: | Boxxer Gold Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.12 in the first six months, C$0.15 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 9 (for C$208,800), Feb. 23 (for C$215,000), March 24 (for C$166,500)
|
| Stock symbol: | TSX Venture: BXX
|
| Stock price: | C$0.105 at close Jan. 26
|
| Market capitalization: | C$11.9 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
