New York, April 10 - JNR Resources Inc. said it priced a C$3.75 million private placement of flow-through shares.
The company will sell 2.5 million shares at C$1.50 each.
Toll Cross Securities Inc. is the placement agent.
The deal has a greenshoe for a further 500,000 flow-through shares.
JNR, based in Saskatoon, Sask., will use proceeds for exploration of its uranium properties.
| Issuer: | JNR Resources Inc.
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| Issue: | Flow-through shares
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| Amount: | C$3.75 million
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| Shares: | 2.5 million
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| Greenshoe: | 500,000 shares
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| Price: | C$1.50
|
| Warrants: | No
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| Placement agent: | Toll Cross Securities Inc.
|
| Pricing date: | April 10
|
| Share price: | C$1.29
|
| Ticker: | TX Venture: JNN
|
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