Eurasian wraps C$17.88 million units sale with C$9.88 million tranche

Canadian metals explorer sells units to Antofagasta at C$3.25 apiece

By Devika Patel

Knoxville, Tenn., March 21 - Eurasian Minerals Inc. said it settled the third and final tranche of a C$17.88 million 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 on March 2, C$2.99 million on March 14 and C$9.88 million in this tranche for the full C$17.88 million.

The company sold a total of 5.5 million units of one common share and a half-share warrant at C$3.25 apiece. It sold 1.54 million units to Antofagasta plc in the first tranche, 921,000 units in the second and 3,039,000 units in the third.

Each whole warrant is exercisable at C$4.00 until March 18, 2013. 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:	March 18, 2013
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), March 14 (for C$2,993,250), March 21 (for C$9,876,750)
Stock symbol:	TSX Venture: EMX
Stock price:	C$3.30 at close Feb. 18
Market capitalization:	C$120.07 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.