By Devika Patel
Knoxville, Tenn., Feb. 19 - Etruscan Resources Inc. said it plans a C$10.5 million private placement of stock.
The company will sell 28,378,378 common shares at C$0.37 per share via agent Raymond James Ltd. on a best-efforts basis. Endeavour Financial will purchase a minimum of 15,608,108 shares for C$5.78 million.
Settlement is expected on March 2.
Proceeds will be used for exploration and general corporate purposes.
Etruscan, based in Windsor, N.S., is a gold exploration and development company.
| Issuer: | Etruscan Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$10.5 million
|
| Shares: | 28,378,378
|
| Price: | C$0.37
|
| Warrants: | No
|
| Agent: | Raymond James Ltd.
|
| Investor: | Endeavour Financial (for C$5,775,000)
|
| Pricing date: | Feb. 19
|
| Settlement date: | March 2
|
| Stock symbol: | Toronto: EET
|
| Stock price: | C$0.365 at close Feb. 18
|
| Market capitalization: | C$129 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.
