By Laura Lutz
Des Moines, Nov. 21 - Fair Sky Resources Inc. raised C$5,028,239.15 from the first tranche of a private placement of flow-through shares that is expected to total up to C$9.15 million.
The company sold 1,648,603 flow-through shares at C$3.05 each.
The deal was non-brokered.
Fair Sky also plans to sell up to 1,351,397 more flow-through shares on the same terms, for a total placement size of C$9.15 million.
Proceeds will be used for exploration in Alberta and Saskatchewan.
Fair Sky is a resource exploration company based in Calgary, Alta.
| Issuer: | Fair Sky Resources Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$9.15 million
|
| Shares: | 3 million
|
| Price: | C$3.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 21 (for 1,648,603 shares)
|
| Stock symbol: | TSX Venture: FSK
|
| Stock price: | C$2.00 at close Nov. 21
|
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