Company plans to use funds to advance at least three properties
By Toni Weeks
San Luis Obispo, Calif., Sept. 8 – Donner Metals Ltd. said it took in C$1.09 million in a non-brokered private placement of units.
The company sold 8,389,615 units of one common share and one warrant at C$0.13 per unit. Each warrant will be exercisable at C$0.175 for two years.
The strike price is an 84.21% premium to the closing share price of C$0.095 on Sept. 5.
Aurion II Equity Fund subscribed for 3.85 million units for a total investment of C$500,500.
Proceeds will be used for advancing the Samson nickel-copper-PG property, the Valmond gold property, the Preissac nickel-copper-PGE property and other exploration properties.
Donner is a copper, nickel, gold and silver exploration company based in Montreal.
| Issuer: | Donner Metals Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,090,650
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| Units: | 8,389,615
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| Price: | C$0.13
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| Warrants: | One warrant per unit
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| Warrant expiration: | Sept. 5, 2016
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| Warrant strike price: | C$0.175
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| Settlement date: | Sept. 8
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| Agent: | Non-brokered
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| Investor: | Aurion II Equity Fund (for C$500,500)
|
| Stock symbol: | TSX Venture: DON
|
| Stock price: | C$0.095 at close Sept. 5
|
| Market capitalization: | C$1.52 million
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