Canadian metals explorer sells units to Antofagasta at C$3.25 apiece
By Devika Patel
Knoxville, Tenn., March 2 - Eurasian Minerals Inc. said it concluded the initial tranche of a private placement of units. The offering priced for C$5.01 million on Feb. 18 and was increased to C$16.25 million on Feb. 22 and to C$17.88 million on Feb. 25; Eurasian raised C$5.01 million in this tranche.
The company is selling 5.5 million units of one common share and a half-share warrant at C$3.25 per unit. It sold 1.54 million units to Antofagasta plc in the first tranche.
Each whole, two-year warrant is exercisable at C$4.00. The strike price reflects a 21.21% premium to the Feb. 17 closing share price of C$3.30.
Based in Vancouver, B.C., Eurasian is a precious and base metals exploration company.
| Issuer: | Eurasian Minerals Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$17,875,000
|
| Units: | 5.5 million
|
| Price: | C$3.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$4.00
|
| Investor: | Antofagasta plc (for C$5,005,000)
|
| Pricing date: | Feb. 18
|
| Upsized: | Feb. 22, Feb. 25
|
| Settlement date: | March 2 (for C$5,005,000)
|
| Stock symbol: | TSX Venture: EMX
|
| Stock price: | C$3.30 at close Feb. 18
|
| Market capitalization: | C$121.94 million
|
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