By Devika Patel
Knoxville, Tenn., Sept. 9 - Golden Odyssey Mining Inc. said it plans a non-brokered private placement of units for C$2 million.
The company will sell flow-through units at C$0.25 apiece. Each unit consists of one flow-through share and one warrant.
It also will sell non flow-through units at C$0.20 per unit. Each of these units consists of one common share and one warrant.
The warrants are exercisable at C$0.30 for one year.
Proceeds will be used for a drill program on the Deerhorn property and for general working capital.
Based in Toronto, Golden Odyssey is a gold exploration company.
Issuer: | Golden Odyssey Mining Inc.
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Issue: | Flow-through units of one flow-through share and one warrant; non flow-through units of one common share and one warrant
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Amount: | C$2 million
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Warrants: | One warrant per unit
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Warrant strike price: | C$0.30
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Warrant expiration: | One year
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Agent: | Non-brokered
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Pricing date: | Sept. 9
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Stock symbol: | TSX Venture: GOE
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Stock price: | C$0.24 at close Sept. 8
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Market capitalization: | C$9.35 million
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Flow-through units
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Price: | C$0.25
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Non flow-through units
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Price: | C$0.20
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