By Devika Patel
Knoxville, Tenn., Aug. 6 - Advanced Primary Minerals Corp. said it has completed a C$1.02 million private placement of stock. The deal priced for C$1.5 million on June 25.
The company sold 6,797,997 common shares at C$0.15 per share. The price per share is an 11.77% discount to the closing share price of C$0.17 on June 25.
Proceeds will be used to fund the company's capital program, for general corporate purposes and debt repayment.
Based in Vancouver, B.C., the company owns or controls through long-term leases a number of primary kaolin deposits in Georgia.
| Issuer: | Advanced Primary Minerals Corp.
|
| Issue: | Common shares
|
| Amount: | C$1,019,700
|
| Shares: | 6,797,997
|
| Price: | C$0.15
|
| Warrants: | No
|
| Pricing date: | June 28
|
| Settlement date: | Aug. 6
|
| Stock symbol: | TSX Venture: APD
|
| Stock price: | C$0.17 at close June 25
|
| Market capitalization: | C$3.91 million
|
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