Non-brokered offering of flow-through stock finances exploration
By Devika Patel
Knoxville, Tenn., April 25 - Cogitore Resources Inc. said it raised C$1 million in the first tranche of a C$2 million non-brokered private placement of stock.
The company is selling 11,764,704 flow-through common shares at C$0.17 apiece. The price per share is a 6.25% premium to the April 24 closing share price, C$0.16.
Cogitore sold 5,882,352 shares in the initial tranche.
Proceeds will be used for exploration.
Cogitore is a base metals exploration company based in Toronto.
| Issuer: | Cogitore Resources Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2 million
|
| Shares: | 11,764,704
|
| Price: | C$0.17
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | April 25 (for C$1 million)
|
| Stock symbol: | TSX Venture: WOO
|
| Stock price: | C$0.16 at close April 24
|
| Market capitalization: | C$10.41 million
|
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