By Sheri Kasprzak
New York, Nov. 7 - Goldbrook Ventures Inc. said it has concluded a C$2,222,167 private placement of units.
The company issued 9,876,300 units at C$0.225 each.
The units include one share and one warrant. The warrants are exercisable at C$0.30 each for five years.
The deal was first announced Oct. 17 as a C$1,012,500 offering of 4.5 million units under the same terms but was upsized to C$2,025,000 on Oct. 26, also under the same terms.
Proceeds will be used for exploration on the company's Raglan properties in Quebec and for working capital.
Based in Vancouver, B.C., Goldbrook is a mineral exploration company.
| Issuer: | Goldbrook Ventures Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2,222,167
|
| Units: | 9,876,300
|
| Price: | C$0.225
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.30
|
| Placement agent: | Non-brokered
|
| Pricing date: | Oct. 17
|
| Settlement date: | Nov. 4
|
| Stock price: | C$0.30 at close Oct. 17
|
| Stock price: | C$0.24 at close Nov. 4
|
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