By Laura Lutz
Des Moines, April 2 - Delta Exploration Inc. intends to conduct a private placement of units for up to C$2.475 million.
The company plans to sell up to 1.5 million units of one share and one non-transferable warrant at C$1.65 per unit. Each warrant will be exercisable at C$2.00 for two years.
Proceeds of the non-brokered deal will be used for exploration and working capital.
Delta is a resource exploration company based in Kamloops, B.C.
| Issuer: | Delta Exploration Inc.
|
| Issue: | Units of one share and one non-transferable warrant
|
| Amount: | C$2.475 million
|
| Units: | 1.5 million
|
| Price: | C$1.65
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$2.00
|
| Agent: | Non-brokered
|
| Pricing date: | April 2
|
| Stock symbol: | TSX Venture: DEV
|
| Stock price: | C$1.88 at close March 30
|
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