By Laura Lutz
Columbus, Ohio, March 20 - Glamis Resources Ltd. arranged a private placement of shares for up to C$3 million.
The company plans to sell up to 3,333,334 class A flow-through shares at C$0.90 per share.
Acumen Capital Finance Partners Ltd. will act as lead agent for a syndicate that also includes GMP Securities LP.
Acumen has a greenshoe for up to 1,111,111 more class A flow-through shares, for additional proceeds of up to C$1 million.
Settlement is expected on April 11.
Proceeds will be used for exploration drilling.
Glamis is an oil and gas company based in Calgary, Alta.
| Issuer: | Glamis Resources Ltd.
|
| Issue: | Class A flow-through shares
|
| Amount: | C$3 million
|
| Shares: | 3,333,334
|
| Greenshoe: | 1,111,111 shares
|
| Price: | C$0.90
|
| Warrants: | No
|
| Agents: | Acumen Capital Finance Partners Ltd. (lead), GMP Securities LP
|
| Pricing date: | March 20
|
| Settlement date: | April 11
|
| Stock symbol: | TSX Venture: GLM.A
|
| Stock price: | C$0.80 at close March 20
|
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