By Sheri Kasprzak
New York, May 9 - Strathmore Minerals Corp. has wrapped its previously announced PIPE for C$8,699,795.
The company issued a total of 1,697,300 flow-through shares at C$3.00 each and 1,568,650 units at C$2.30 each.
The units include one share and one half-share warrant with each whole warrant exercisable at C$3.25 for 18 months.
The deal was placed through a syndicate of agents led by National Bank Financial and including Raymond James Ltd. and Canaccord Adams Inc.
The deal priced as a C$9,611,250 offering of 1.85 million flow-through shares and 1,375,000 units on April 11.
Proceeds will be used for development on the company's properties in the Athabasca Basin as well as for general corporate purposes.
Vancouver, B.C.-based Strathmore is a uranium exploration company.
Flow-through shares
| Issuer: | Strathmore Minerals Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$5,091,900
|
| Shares: | 1,697,300
|
| Price: | C$3.00
|
| Warrants: | No
|
| Placement agents: | National Bank Financial Inc. (lead), Raymond James Ltd., Canaccord Adams Inc.
|
| Pricing date: | April 11
|
| Settlement date: | May 9
|
| Stock symbol: | TSX Venture: STM
|
| Stock price: | C$2.60 at close April 11
|
| Stock price: | C$2.33 at close May 9
|
|
|
| Units
|
| Issuer: | Strathmore Minerals Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3,607,895
|
| Units: | 1,568,650
|
| Price: | C$2.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$3.25
|
| Placement agents: | National Bank Financial Inc. (lead), Raymond James Ltd., Canaccord Adams Inc.
|
| Pricing date: | April 11
|
| Settlement date: | May 9
|
| Stock symbol: | TSX Venture: STM
|
| Stock price: | C$2.60 at close April 11
|
| Stock price: | C$2.33 at close May 9
|
|
|
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