Desjardins Securities brokers deal for funding exploration of projects
By Devika Patel
Knoxville, Tenn., Oct. 20 - Beaufield Resources Inc. said completed a private placement of stock. The deal priced on Oct. 4 and was conducted on a bought deal basis by Desjardins Securities Inc.
The company sold 5,455,000 flow-through common shares at C$0.55 per share for C$3 million. The price per share is a 22.22% premium to C$0.45, the Oct. 1 closing share price.
Proceeds will be used for Beaufield's exploration programs in Canada, including exploration at the Tortigny base metal project and the Schefferville iron project in Quebec.
Based in Nepean, Ont., Beaufield explores for minerals.
| Issuer: | Beaufield Resources Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3,000,250
|
| Shares: | 5,455,000
|
| Price: | C$0.55
|
| Warrants: | No
|
| Agent: | Desjardins Securities Inc.
|
| Pricing date: | Oct. 4
|
| Settlement date: | Oct. 20
|
| Stock symbol: | TSX Venture: BFD
|
| Stock price: | C$0.40 at close Oct. 4
|
| Market capitalization: | C$31.26 million
|
© 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.
