Proceeds fund expansion of NI 43-101 compliant resource at La Verde
By Devika Patel
Knoxville, Tenn., Aug. 5 - Catalyst Copper Corp. said it increased a non-brokered private placement of stock to C$2.12 million from C$2.1 million. The deal priced July 29.
The company will now sell 20.2 million common shares at C$0.105 apiece, an 8.7% discount to the July 28 closing share price of C$0.115.
Proceeds will be used to expand the NI 43-101 compliant resource at the La Verde project and begin an environmental impact survey.
Vancouver, B.C.-based Catalyst is a copper explorer.
| Issuer: | Catalyst Copper Corp.
|
| Issue: | Common shares
|
| Amount: | C$2,121,000
|
| Shares: | 20.2 million
|
| Price: | C$0.105
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | July 29
|
| Upsized: | Aug. 5
|
| Stock symbol: | TSX Venture: CCY
|
| Stock price: | C$0.115 at close July 28
|
| Market capitalization: | C$23.18 million
|
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