Deal offers 534,480 units; funds make payment on natural gas pipeline
By Devika Patel
Knoxville, Tenn., Dec. 13 - United States Antimony Corp. settled a $668,100 private placement of units on Dec. 10, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 534,480 units of one common share and a half-share warrant at $1.25 per unit.
The whole warrants are each exercisable at $1.60 for one year. The strike price reflects an 18.78% discount to the Dec. 9 closing share price of $1.97.
Proceeds will be used for a final payment on the natural gas pipeline to the smelter at the facilities in Madero, Mexico, mine property land payments, ore purchases and for general working capital purposes.
United States Antimony produces antimony, silver and gold products. It is based in Thompson Falls, Mont.
| Issuer: | United States Antimony Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $668,100
|
| Units: | 534,480
|
| Price: | $1.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $1.60
|
| Settlement date: | Dec. 10
|
| Stock symbol: | NYSE: UAMY
|
| Stock price: | $1.97 at close Dec. 9
|
| Market capitalization: | $124.62 million
|
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