By Sheri Kasprzak
New York, May 12 - Wildcat Exploration Ltd. plans to raise up to C$1.25 million from a private placement.
The non-brokered offering includes up to 4,166,667 units at C$0.30 each.
The units are comprised of one share and one warrant. Each warrant is exercisable at C$0.40 for one year.
The deal is expected to close June 12.
Proceeds will be used for costs associated with the ongoing exploration at the Bissett and Snow Lake areas of Manitoba and the Foster River base metal project in Saskatchewan.
Based in Winnipeg, Man., Wildcat is a mineral exploration company focused on gold and base metals.
| Issuer: | Wildcat Exploration Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.25 million (maximum)
|
| Units: | 4,166,667 (maximum)
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
| Placement agent: | Non-brokered
|
| Pricing date: | May 12
|
| Settlement date: | June 12
|
| Stock symbol: | TSX Venture: WEL
|
| Stock price: | C$0.34 at close May 11
|
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