Published on 3/26/2007 in the Prospect News PIPE Daily.
New Issue: Dynamite Resources completes C$2 million placement of units
By Laura Lutz
Des Moines, March 26 - Dynamite Resources Ltd. wrapped a private placement of units for C$2 million.
The company sold 10 million units of one share and one warrant at C$0.20 per unit. Each whole warrant will be exercisable at C$0.25 until March 26, 2009.
Dynamite is a Toronto-based mining company.
| Issuer: | Dynamite Resources Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2 million
|
| Units: | 10 million
|
| Price: | C$0.20
|
| Warrants: | One per unit
|
| Warrant expiration: | March 26, 2009
|
| Warrant strike price: | C$0.25
|
| Settlement date: | March 26
|
| Stock symbol: | TSX Venture: DNR
|
| Stock price: | C$0.74 at close March 26
|
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