By Sheri Kasprzak
Atlanta, Dec. 9 - Dumont Nickel Inc. said late Wednesday that it has finished a private placement for C$2,772,900.
The offering includes 15,405,000 units at C$0.18 each. The units are comprised of one share and one half-share warrant.
The whole warrants allow for an additional share at C$0.30 each for 18 months.
The deal was upsized for the C$2,174,400 offering announced Nov. 23. The deal initially included 12.08 million units at the same price.
Dumont is a mineral exploration company based in Toronto. The company plans to use the proceeds from the offering to advance drilling over the Kiewit gold zone and elsewhere in the Utah properties. The remainder of the funds will be used for working capital.
| Issuer: | Dumont Nickel Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2,772,900
|
| Shares: | 15,405,000
|
| Price: | C$0.18
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.30
|
| Announcement date: | Nov. 23
|
| Settlement date: | Dec. 8
|
| Stock price: | C$0.21 at close Nov. 23
|
| Stock price: | C$0.17 at close Dec. 8
|
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