By Sheri Kasprzak
Atlanta, June 8 - Crowflight Minerals Inc. said it has completed a private placement for C$4,950,750.
The company sold 14,803,000 flow-through units at C$0.25 each and 5 million non flow-through units at C$0.25 each.
The flow-through units include one flow-through share and one half-share warrant. The whole warrants allow for one non flow-through share at C$0.40 each through Dec. 8, 2006.
The non flow-through units include one share and one half-share warrant, the whole of which is exercisable for an additional share at C$0.40 each through Dec. 8, 2006.
Based in Toronto, Crowflight is a mining exploration company focused on platinum, copper and nickel.
| Issuer: | Crowflight Minerals Inc.
|
| Issue: | Flow-through and non flow-through units
|
| Amount: | C$4,950,750
|
| Settlement date: | June 8
|
| Stock price: | C$0.22 at close June 8
|
|
|
| Flow-through units
|
| Issue: | Flow-through units of one share and one half-share warrant
|
| Units: | 14,803,000
|
| Price: | C$0.25
|
| Warrants: | One half-share non flow-through warrant per unit
|
| Warrant expiration: | Dec. 8, 2006
|
| Warrant strike price: | C$0.40
|
|
|
| Non flow-through units
|
| Issue: | Non flow-through units of one share and one half-share warrant
|
| Units: | 5 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Dec. 8, 2006
|
| Warrant strike price: | C$0.40
|
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