By Sheri Kasprzak
New York, Dec. 23 - Journey Resources Corp. said it has arranged a private placement for up to C$1.2 million.
The company plans to sell up to 4 million units at C$0.30 each.
The units include one share and one warrant. The warrants are exercisable at C$0.38 each for two years.
Based in Vancouver, B.C., Journey is a mineral exploration company.
| Issuer: | Journey Resources Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1.2 million (maximum)
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| Units: | 4 million (maximum)
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| Price: | C$0.30
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.38
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| Pricing date: | Dec. 23
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| Stock price: | C$0.32 at close Dec. 22
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