By Sheri Kasprzak
Atlanta, Jan. 13 - Duncan Park Holdings Corp. will raise up to C$1.5 million in a non-brokered private placement of units, the company said.
The offering includes up to 3 million units at C$0.50 each. The units are comprised of one share and one warrant.
The warrants allow for an additional share at C$0.75 for the first year and C$1 for the second year.
Based in Toronto, Duncan Park is a mineral exploration company. It plans to use the proceeds from the deal for exploration and development on its Nevada properties and for general working capital.
| Issuer: | Duncan Park Holdings Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1.5 million
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| Units: | 3 million (maximum)
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| Price: | C$0.50
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.75 for the first year; C$1 for the second year
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| Pricing date: | Jan. 13
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| Stock price: | $0.52 at close Jan. 13
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