Offering consists of 12 million common shares sold at $0.25 per share
By Devika Patel
Knoxville, Tenn., Dec. 20 - DNA Precious Metals Inc. priced its $3 million initial public offering of stock in a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The company will sell 12 million common shares at $0.25 per share on a best-efforts basis.
The company expects its shares to trade on the OTCBB.
Proceeds will be used for exploration, to apply for permitting, construct a mill and begin mining operations on the company's property. Proceeds will specifically be used to construct facilities, purchase equipment, recruit and hire operating positions, build a mill to process metals and for general administrative and working capital needs.
Based in Saint Leonard, Quebec, the company explores for gold, silver and base metals.
| Issuer: | DNA Precious Metals Inc.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 12 million
|
| Price: | $0.25
|
| Warrants: | No
|
| Pricing date: | Dec. 20
|
| Stock exchange: | OTCBB
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
