By Laura Lutz
Des Moines, Nov. 7 - Dhanoa Minerals Ltd. settled a private placement of units for $1.2 million.
The company sold 2.4 million units of one share and one warrant at $0.50 per unit. Each warrant is exercisable at $0.60 for two years.
Dhanoa may redeem the warrants without consideration upon 30 days notice to holders.
Proceeds will be used for mineral exploration and evaluation of potential acquisitions.
Dhanoa is a mineral exploration company based in Toronto.
| Issuer: | Dhanoa Minerals Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $1.2 million
|
| Units: | 2.4 million
|
| Price: | $0.50
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.60
|
| Settlement date: | Nov. 7
|
| Stock symbol: | OTCBB: DHNA
|
| Stock price: | $1.98 at close Nov. 6
|
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