Non-brokered deal finances working capital and property investigation
By Devika Patel
Knoxville, Tenn., Feb. 23 - Equinox Exploration Corp. said it has negotiated a C$1.5 million non-brokered private placement of units.
The company will sell 10 million units of one common share and one warrant at C$0.15 per unit.
Each one-year warrant is exercisable at C$0.20, an 11.11% premium to the Feb. 22 closing share price of C$0.18.
Proceeds will be used for general working capital and property investigation purposes.
Equinox is a copper explorer in Vancouver, B.C.
Issuer: | Equinox Exploration Corp.
|
Issue: | Units of one common share and one warrant
|
Amount: | C$1.5 million
|
Units: | 10 million
|
Price: | C$0.15
|
Warrants: | One warrant per unit
|
Warrant expiration: | One year
|
Warrant strike price: | C$0.20
|
Agent: | Non-brokered
|
Pricing date: | Feb. 23
|
Stock symbol: | TSX Venture: EQX
|
Stock price: | C$0.18 at close Feb. 22
|
Market capitalization: | C$4.67 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.