By Devika Patel
Knoxville, Tenn., Sept. 10 - Delta Uranium Inc. said it will conduct a private placement of units for C$1 million.
The company will sell 12.5 million units at C$0.08 apiece. Each unit consists of one flow-through common share and one flow-through warrant. Each two-year warrant is exercisable at C$0.15 per share in year one and at C$0.20 in year two.
MineralFields Group will invest C$750,000.
Proceeds will be used for exploration.
Delta is a mining company based in Toronto.
| Issuer: | Delta Uranium Inc.
|
| Issue: | Units of one flow-through common share and one flow-through warrant
|
| Amount: | C$1 million
|
| Units: | 12.5 million
|
| Price: | C$0.08
|
| Warrants: | One flow-through warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15 per share in year one, C$0.20 in year two
|
| Investor: | MineralFields Group (for C$750,000)
|
| Pricing date: | Sept. 16
|
| Stock symbol: | Toronto: DUR
|
| Stock price: | C$0.07 at close Sept. 16
|
| Market capitalization: | C$2.2 million
|
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