By Sheri Kasprzak
New York, July 15 - Ventir Challenge Enterprises Ltd. said it has upsized to C$2.4 million its previously announced C$2 million private placement of units.
The company now plans to sell 48 million units at C$0.05 each.
The units are comprised of one share and one warrant. Some of the shares will be issued on a flow-through basis. The warrants allow for the purchase of an additional share at C$0.10 each for two years.
The deal was first announced June 29 as a C$2 million offering of 40 million units under the same terms.
Based in Vancouver, B.C., Ventir is a gold and mineral exploration company.
| Issuer: | Ventir Challenge Enterprises Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2.4 million
|
| Units: | 48 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.10
|
| Pricing date: | June 29
|
| Upsized: | July 14
|
| Stock price: | C$0.01 at close June 29
|
| Stock price: | C$0.01 at close July 14
|
|
|
© 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.
