By Sheri Kasprzak
New York, Nov. 28 - Energy Metals Corp. said it has arranged a private placement of stock for C$6.3 million.
The company intends to sell 2 million shares at C$3.15 each.
Proceeds from the non-brokered deal will be used for working capital and property acquisition and development.
Elsewhere, the company said it plans to acquire the Red Rim property in Carbon County, Wyo.
Based in Vancouver, B.C., Energy Metals is a mineral exploration company.
| Issuer: | Energy Metals Corp.
|
| Issue: | Stock
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| Amount: | C$6.3 million
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| Shares: | 2 million
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| Price: | C$3.15
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| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Nov. 25
|
| Stock price: | C$3.20 at close Nov. 25
|
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