By Laura Lutz
Washington, Dec. 11 - Ditem Explorations Inc. priced a private placement of units for up to C$1.2 million.
The company plans to sell up to 2,666,666 units of one share and one half-share warrant at C$0.45 per unit. The offering will be made to accredited investors in British Columbia, Alberta, Ontario and Quebec.
Each whole warrant will be exercisable at C$0.60 for two years.
Bearbeech Capital Partners Corp. will act as agent for the deal.
Proceeds will be used for exploration on the company's properties and for working capital.
Ditem is a mineral exploration company based in Montreal.
| Issuer: | Ditem Explorations Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.2 million
|
| Units: | 2,666,666
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Agent: | Bearbeech Capital Partners Corp.
|
| Pricing date: | Dec. 11
|
| Stock symbol: | TSX Venture: DIT
|
| Stock price: | C$0.65 at close Dec. 11
|
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