By Devika Patel
Knoxville, Tenn., July 17 - Mustang Minerals Corp. said it settled a private placement of stock, raising C$3.88 million.
The deal priced for C$3 million with a C$450,000 greenshoe on July 3 and the company lifted the greenshoe on July 16 to C$1 million.
The company sold 8,820,812 flow-through shares at C$0.44 per share.
Research Capital Corp. was the lead agent.
Proceeds will be used for development.
Toronto-based Mustang Minerals explores for and develops mineral properties.
| Issuer: | Mustang Minerals Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3,881,157.28 (including C$881,157.28 greenshoe)
|
| Shares: | 8,820,812
|
| Price: | C$0.44
|
| Warrants: | No
|
| Agent: | Research Capital Corp. (lead)
|
| Pricing date: | July 3
|
| Upsized: | July 16
|
| Settlement date: | July 17
|
| Stock symbol: | TSX Venture: MUM
|
| Stock price: | C$0.38 at close July 3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
