Non-brokered deal offers 87.5 million common shares at C$0.04 apiece
By Devika Patel
Knoxville, Tenn., April 19 – DuSolo Fertilizers Inc. said it plans a non-brokered private placement of stock to raise between C$3 million and C$3.5 million.
The company will sell between 75 million and 87.5 million common shares at C$0.04 per share. The purchase price is identical to the April 18 closing share price.
Settlement is expected April 30.
Proceeds will be used to support the working capital needs of the company, for additional product development test work and for the preparation of technical work.
The Vancouver, B.C., company produces phosphate-based fertilizers.
| Issuer: | DuSolo Fertilizers Inc.
|
| Issue: | Common stock
|
| Amount: | C$3 million to C$3.5 million
|
| Shares: | 75 million to 87.5 million
|
| Price: | C$0.04
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | April 19
|
| Settlement date: | April 30
|
| Agent: | Non-brokered
|
| Stock symbol: | TSX Venture: DSF
|
| Stock price: | C$0.04 at close April 18
|
| Market capitalization: | C$5.41 million
|
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