Funds to be used for Taysan copper-gold porphyry project development
By Marisa Wong
Madison, Wis., Jan. 10 - Crazy Horse Resources Inc. announced a brokered private placement of up to C$10 million of common shares at a price of C$1.25 per common share.
The price per share represents an 11.35% discount to the Jan. 7 closing share price of C$1.41.
NCP Northland Capital Partners Inc. is the agent for the offering.
Net proceeds will be used to further develop the company's Taysan copper-gold porphyry project in the Philippines.
Closing of the offering is expected to occur on Jan. 25.
Crazy Horse is a Vancouver, B.C.-based mineral exploration company.
| Issuer: | Crazy Horse Resources Inc.
|
| Issue: | Common shares
|
| Amount: | Up to C$10 million
|
| Shares: | Up to 8 million
|
| Price: | C$1.25
|
| Warrants: | No
|
| Agent: | NCP Northland Capital Partners Inc.
|
| Announcement date: | Jan. 10
|
| Settlement date: | Jan. 25
|
| Stock symbol: | TSX Venture: CZH
|
| Stock price: | C$1.41 at close Jan. 7
|
| Market capitalization: | C$56.39 million
|
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