By Devika Patel
Knoxville, Tenn., Jan. 25 - Canplats Resources Corp. said it will raise C$10.13 million in a private placement of units. It also may raise C$1.58 million in a non-brokered placement of units.
The company will sell 4.5 million units at C$2.25 each on a bought-deal basis. The units consist of one share and one half-share warrant, with each whole warrant exercisable at C$3.00 for two years.
The deal is being conducted by a syndicate of underwriters led by Canaccord Capital Corp. and including Macquarie North America Ltd., Bolder Investment Partners and National Bank Financial.
Canplats has agreed to pay the underwriters a 6.5% cash commission and issue a number of underwriters' warrants equal to 7% of the units sold. Each underwriters' warrant will be exercisable at C$2.25 for two years.
The underwriters have a greenshoe for up to 1.8 million units, or C$4.05 million.
The company may also sell up to 700,000 units in a non-brokered private placement. These units would have the same terms as those sold in the brokered deal, and would bring the total number of units sold to 5.2 million.
Proceeds will be used to advance the company's mineral projects in Mexico and for general working capital purposes.
Vancouver, B.C.-based Canplats is a gold exploration company.
| Issuer: | Canplats Resources Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$11.7 million
|
| Units: | 5.2 million
|
| Price: | C$2.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$3.00
|
| Pricing date: | Jan. 25
|
| Stock symbol: | TSX Venture: CPQ
|
| Stock price: | C$2.52 at close Jan. 24
|
|
|
| Brokered deal
|
| Amount: | C$10,125,000
|
| Greenshoe: | C$4.05 million
|
| Units: | 4.5 million
|
| Underwriters: | Canaccord Capital Corp. (lead), Macquarie North America Ltd., Bolder Investment Partners, National Bank Financial
|
|
|
| Non-brokered deal
|
| Amount: | C$1,575,000
|
| Units: | 700,000
|
| Agent: | Non-brokered
|
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