Deal sells 5 million units of one share, one warrant at $0.05 per unit
By Devika Patel
Knoxville, Tenn., April 6 – Goldrich Mining Co. settled a $250,000 non-brokered private placement of units on March 31, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 5 million units of one common share and one warrant at $0.05 per unit.
Each five-year warrant is exercisable at $0.06, a 20% premium to the March 30 closing share price of $0.05.
Proceeds will be used for general working capital purposes.
The Spokane, Wash., company is engaged in the business of acquiring and exploring mineral properties throughout the Americas.
| Issuer: | Goldrich Mining Co.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $250,000
|
| Units: | 5 million
|
| Price: | $0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five
|
| Warrant strike price: | $0.06
|
| Agent: | Non-brokered
|
| Settlement dates: | March 31
|
| Stock symbol: | OTCBB: GRMC
|
| Stock price: | $0.05 at close March 30
|
| Market capitalization: | $6.76 million
|
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