By Sheri Kasprzak
New York, Oct. 27 - Eurasian Minerals Inc. said it upsized to C$4.55 million its previously announced C$3.9 million private placement.
The offering now includes 3.5 million units at C$1.30 each.
The units are comprised of one share and one warrant. The warrants are exercisable at C$2.00 each for two years.
The expiry of the warrants may be accelerated to 20 days if the company's stock trades above C$2.50 for more than 15 consecutive trading days.
The deal was first announced Sept. 26 as a C$3.9 million offering of up to 3 million units under the same terms.
Proceeds will be used for exploration and property acquisitions in Turkey, the Kyrgyz Republic and Serbia. The rest will be used for working capital.
Based in Vancouver, B.C., Eurasian is a mineral exploration company.
| Issuer: | Eurasian Minerals Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$4.55 million
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| Units: | 3.5 million
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| Price: | C$1.30
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$2.00
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| Pricing date: | Sept. 26
|
| Amended: | Oct. 27
|
| Stock price: | C$1.40 at close Sept. 26
|
| Stock price: | C$1.31 at close Oct. 27
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