Company sells 12.35 million common shares at C$0.19 per share in deal
By Devika Patel
Knoxville, Tenn., April 2 - Energizer Resources Inc. completed a C$2.36 million non-brokered private placement of stock on March 26, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 12.35 million common shares at about C$0.19 per share, which is a 17.39% discount to the March 25 closing share price of C$0.23.
The Toronto company explores for vanadium, uranium, gold and other minerals.
| Issuer: | Energizer Resources Inc.
|
| Issue: | Common stock
|
| Amount: | C$2,358,000
|
| Shares: | 12.35 million
|
| Price: | C$0.19 (approximate)
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | March 26
|
| Stock symbol: | Toronto: EGZ
|
| Stock price: | C$0.23 at close March 25
|
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