By Devika Patel
Knoxville, Tenn., July 15 - Caribou Copper Resources Ltd. announced it plans a C$1 million non-brokered private placement of units.
The company will sell 10 million units at C$0.10 apiece.
The units consist of one common share and one half-share warrant. Each whole two-year warrant will be exercisable at C$0.15 in the first year and at C$0.20 thereafter.
The copper explorer is based in Ottawa.
| Issuer: | Caribou Copper Resources Ltd.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15 in the first year and at C$0.20 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | July 15
|
| Stock symbol: | TSX Venture: CKR
|
| Stock price: | C$0.125 at close July 14
|
| Market capitalization: | C$2.18 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.
