By Devika Patel
Knoxville, Tenn., May 7 - Aquiline Resources Inc. said it raised C$15 million in a non-brokered private placement of units.
The company sold 1,818,182 units of one common share and one warrant at C$8.25 apiece. The warrants are exercisable at C$10.00 until Dec. 31, 2009.
Proceeds will be used for exploration and development.
Toronto-based Aquiline is a gold and silver exploration and development company.
| Issuer: | Aquiline Resources Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$15 million
|
| Units: | 1,818,182
|
| Price: | C$8.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Dec. 31, 2009
|
| Warrant strike price: | C$10.00
|
| Agent: | Non-brokered
|
| Settlement date: | May 7
|
| Stock symbol: | Toronto: AQI
|
| Stock price: | C$7.80 at close May 6
|
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