By Sheri Kasprzak
New York, March 3 - Verena Minerals Corp. said it has concluded the last tranche of a C$2.45 million private placement.
The company sold a total of 12.25 million units at C$0.20 each.
The units consist of one share and one half-share warrant. Each whole warrant is exercisable at C$0.35 each for one year.
Dominick & Dominick Securities Inc. was the placement agent.
Proceeds will be used for exploration on the company's gold properties in Brazil.
Based in Toronto, Verena is a gold exploration company.
| Issuer: | Verena Minerals Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$2.45 million
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| Units: | 12.25 million
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| Price: | C$0.20
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.35
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| Placement agent: | Dominick & Dominick Securities Inc.
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| Pricing date: | Jan. 27
|
| Settlement date: | March 3
|
| Stock symbol: | TSX Venture: VML
|
| Stock price: | C$0.19 at close March 2
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