Offering's proceeds earmarked to acquire, explore Tanacross Property
By Devika Patel
Knoxville, Tenn., Feb. 23 - Georgetown Capital Corp. said it has completed a non-brokered private placement of stock. The deal raised C$2.06 million.
The company sold common shares at C$0.55 each, which is a 17.91% discount to the Feb. 22 closing share price of C$0.67.
Proceeds will fund the acquisition of the Tanacross Property, as well as the exploration program on the property, and provide general working capital.
Georgetown is a Vancouver, B.C.-based capital pool company.
| Issuer: | Georgetown Capital Corp.
|
| Issue: | Common shares
|
| Amount: | C$2,063,750
|
| Price: | C$0.55
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Feb. 23
|
| Stock symbol: | TSX Venture: GET
|
| Stock price: | C$0.67 at close Feb. 22
|
| Market capitalization: | C$6.32 million
|
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