By Devika Patel
Knoxville, Tenn., June 11 - Canada Fluorspar Inc. said it plans a C$2 million non-brokered private placement of stock.
The company will sell flow-through common shares at C$0.42 apiece and common shares at C$0.35 apiece. Insiders will buy more than 25% of the shares.
Settlement is expected on June 16.
Proceeds will be used as working capital.
The junior mineral resource company is based in Toronto.
| Issuer: | Canada Fluorspar Inc.
|
| Issue: | Flow-through common shares, common shares
|
| Amount: | C$2 million
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 11
|
| Settlement date: | June 16
|
| Stock symbol: | TSX Venture: CFI
|
| Stock price: | C$0.335 at close June 11
|
| Market capitalization: | C$20.6 million
|
|
|
| Common shares
|
| Price: | C$0.35
|
|
|
| Flow-through shares
|
| Price: | C$0.42
|
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