Brokered deal finances advancement of Yukon gold exploration project
By Devika Patel
Knoxville, Tenn., Aug. 4 - Smash Minerals Corp. said it took in C$7.75 million in a private placement of stock. The deal priced for C$10 million with a C$1.5 million greenshoe on June 27.
The company sold 2,577,190 common shares at C$1.05 per share and 4,202,500 flow-through common shares at C$1.20 per share. The prices per share are 13.22% and 0.83% discounts to the June 24 closing share price of C$1.21.
NCP Northland Capital Partners Inc. was the lead agent, with Fraser Mackenzie Ltd. and Fox Collins Securities Inc. as selling group members.
Proceeds will be used to advance the company's Yukon gold exploration project and for general working capital purposes.
Vancouver, B.C.-based Smash is a gold exploration company.
| Issuer: | Smash Minerals Corp.
|
| Issue: | Common shares, flow-through common shares
|
| Amount: | C$7,749,050
|
| Warrants: | No
|
| Agents: | NCP Northland Capital Partners Inc. (lead)
|
| Pricing date: | June 27
|
| Settlement date: | Aug. 4
|
| Stock symbol: | TSX Venture: SSH
|
| Stock price: | C$1.21 at close June 24
|
| Market capitalization: | C$21.03 million
|
|
|
| Common shares
|
| Amount: | C$2,706,050
|
| Shares: | 2,577,190
|
| Price: | C$1.05
|
|
|
| Flow-through shares
|
| Amount: | C$5,043,000
|
| Shares: | 4,202,500
|
| Price: | C$1.20
|
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