By Laura Lutz
Des Moines, March 28 - Galore Resources Inc. arranged a C$2 million private placement of units with MineralFields Group.
The company agreed to sell 4,210,526 units at C$0.475 apiece.
Each unit consists of one flow-through share and one half-share non flow-through warrant. Each whole warrant will be exercisable for two years, at C$0.75 in the first year and at C$1.25 in the second year.
The placement was non-brokered.
Galore is a mineral resource company based in Vancouver, B.C.
| Issuer: | Galore Resources Inc.
|
| Issue: | Units of one flow-through share and one half-share non flow-through warrant
|
| Amount: | C$2 million
|
| Units: | 4,210,526
|
| Price: | C$0.475
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.75 in the first year; C$1.25 in the second year
|
| Investor: | MineralFields Group
|
| Agent: | Non-brokered
|
| Pricing date: | March 28
|
| Stock symbol: | TSX Venture: GRI
|
| Stock price: | C$0.39 at close March 27
|
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