By Laura Lutz
Des Moines, May 29 - Dynasty Metals & Mining Inc. announced that it has arranged a private placement of shares with Sprott Asset Management for C$6 million.
The company sold 1 million common shares at C$6.00 each.
Following the placement, Sprott will own about 12.3% of the company's issued shares.
Proceeds will be used for development and construction at the company's planned Zaruma gold mine.
Dynasty Metals is a mining company based in Vancouver, B.C.
| Issuer: | Dynasty Metals & Mining Inc.
|
| Issue: | Common shares
|
| Amount: | C$6 million
|
| Shares: | 1 million
|
| Price: | C$6.00
|
| Warrants: | No
|
| Investor: | Sprott Asset Management
|
| Pricing date: | May 29
|
| Stock symbol: | TSX Venture: DMM
|
| Stock price: | C$6.23 at close May 29
|
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