Three-year, half-share warrant is included in offering's equity units
By Devika Patel
Knoxville, Tenn., Jan. 15 - Energizer Resources Inc. settled a C$7.34 million private placement of units on Jan. 14, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 61,204,067 units of one common share and a half-share warrant at C$0.12 per unit.
The whole warrants are each exercisable at C$0.18 for three years. The strike price reflects a 38.46% premium to the Jan. 13 closing share price of C$0.13.
The Toronto company explores for vanadium, uranium, gold and other minerals.
| Issuer: | Energizer Resources Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$7,344,488
|
| Units: | 61,204,067
|
| Price: | C$0.12
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.18
|
| Settlement date: | Jan. 14
|
| Stock symbol: | Toronto: EGZ
|
| Stock price: | C$0.13 at close Jan. 13
|
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