By Devika Patel
Knoxville, Tenn., Dec. 28 - UNOR Inc. announced it has raised C$2.15 million in a non-brokered private placement of units.
The company sold 8.6 million flow-through units at C$0.25 each to the Mineral Fields Group. Each unit consists of one flow-through share and one half-share warrant. Each whole warrant is exercisable at C$0.35 for two years.
UNOR paid a 2% cash fee and a non-cash fee of 258,000 non flow-through units. The company also issued 860,000 non-transferable compensation options, which will entitle the holders to purchase non flow-through units at C$0.25 apiece for two years.
Proceeds will be used for exploration.
UNOR is a uranium exploration company based in Toronto.
| Issuer: | UNOR Inc.
|
| Issue: | Flow-through units of one flow-through share and one half-share warrant
|
| Amount: | C$2.15 million
|
| Units: | 8.6 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | C$0.35
|
| Warrant expiration: | Two years
|
| Agent: | Non-brokered
|
| Investor: | The Mineral Fields Group
|
| Fees: | 2% in cash; 258,000 non flow-through units; 860,000 compensation options
|
| Settlement date: | Dec. 28
|
| Stock symbol: | TSX Venture: UNI
|
| Stock price: | C$0.205 at close Dec. 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
