By Sheri Kasprzak
New York, June 13 - Ecstall Mining Corp. has wrapped the first tranche of a private placement for C$3,251,750.
The company issued 6,644,443 flow-through units at C$0.45 each and 747,857 non flow-through units at C$0.35 each.
The flow-through units consist of one share and one half-share warrant, and the non flow-through units also include one share and one half-share warrant.
The whole warrants for both the flow-through and non flow-through units are exercisable at C$0.60 each for one year.
Canaccord Capital Corp. was the placement agent.
The terms of the rest of the offering could not be determined.
Vancouver, B.C.-based Ecstall is a mineral exploration company.
| Issuer: | Ecstall Mining Corp.
|
| Issue: | Flow-through and non flow-through units of one share and one half-share warrant
|
| Amount: | C$3,251,750
|
| Placement agent: | Canaccord Capital Corp.
|
| Settlement date: | June 12 (for first tranche)
|
| Stock symbol: | TSX Venture: EAM
|
| Stock price: | C$0.31 at close June 12
|
|
|
| Flow-through units
|
| Units: | 6,644,443
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.60
|
|
|
| Non flow-through units
|
| Units: | 747,857
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.60
|
|
|
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