By Sheri Kasprzak
New York, Aug. 22 - Etruscan Resources Inc. said it wrapped a C$4,523,998 private placement.
The company sold 3,351,110 units at C$1.35 each.
The units are comprised of one share and one half-share warrant. The whole warrants provide for the purchase of an additional share at C$1.75 each for 18 months.
Sprott Securities Inc. was the placement agent.
Based in Windsor, N.S., Etruscan is a gold and diamond exploration company.
| Issuer: | Etruscan Resources Inc.
|
| Issue: | Units of one share and one half-share warrant
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| Amount: | C$4,523,998
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| Units: | 3,351,110
|
| Price: | C$1.35
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| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
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| Warrant strike price: | C$1.75
|
| Placement agent: | Sprott Securities Inc.
|
| Settlement date: | Aug. 22
|
| Stock price: | C$1.35 at close Aug. 22
|
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