By Devika Patel
Knoxville, Tenn., Aug. 26 - Golden Predator Royalty & Development Corp. said it plans a C$7 million non-brokered private placement of units. The company settled a placement of shares and units for C$2.7 million on Aug. 13.
The company will sell 12.5 million units at C$0.56 per unit. Each unit consists of one share and one warrant, with each warrant exercisable at C$0.84 for two years.
Proceeds will be used for exploration and general working capital.
Vancouver, B.C.-based Golden Predator is a metals producer.
Issuer: | Golden Predator Royalty & Development Corp.
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Issue: | Units of one share and one warrant
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Amount: | C$7 million
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Shares: | 12.5 million
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Price: | C$0.56
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Warrants: | One per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.84
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Agents: | Non-brokered
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Pricing date: | Aug. 26
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Stock symbol: | TSX Venture: GPD
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Stock price: | C$0.63 at close Aug. 25
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