By Sheri Kasprzak
New York, Dec. 12 - Ursa Major Minerals Inc. said it plans to raise C$2,325,000 in a private placement.
The company will sell 3.1 million shares at C$0.75 each to Korea Resources Canada Corp., a subsidiary of Korea Resources Corp.
The non-brokered offering is being conducted as part of a strategic alliance between Ursa Major and Korea Resources for acquiring and developing base metal exploration projects.
Proceeds will be used for working capital.
Based in Toronto, Ursa Major is a mineral exploration company.
| Issuer: | Ursa Major Minerals Inc.
|
| Issue: | Stock
|
| Amount: | C$2,325,000
|
| Shares: | 3.1 million
|
| Price: | C$0.75
|
| Warrants: | No
|
| Investor: | Korea Resources Canada Corp.
|
| Announcement date: | Dec. 12
|
| Stock price: | C$0.69 at close Dec. 12
|
|
|
© 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.
