Published on 1/24/2006 in the Prospect News PIPE Daily.
New Issue: Chilco River Holdings settles $2.05 million unit sale
By Sheri Kasprzak
New York, Jan. 24 - Chilco River Holdings Ltd. said it concluded a private placement for $2,048,500.
The company issued 1,365,667 units at $1.50 each to a foreign investor.
The units are comprised of one share and one warrant. The warrants are exercisable at $2.00 each for one year.
Based in Walnut, Calif., Chilco River is a mineral exploration company.
| Issuer: | Chilco River Holdings Ltd.
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| Issue: | Units of one share and one warrant
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| Amount: | $2,048,500
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| Units: | 1,365,667
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| Price: | $1.50
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | $2.00
|
| Settlement date: | Jan. 20
|
| Stock symbol: | OTCBB: CRVH
|
| Stock price: | $2.80 at close Jan. 20
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