By Devika Patel
Knoxville, Tenn., Feb. 26 - Farallon Resources Ltd. said it will conduct a C$10 million private placement of shares.
The company will sell 50 million common shares on a bought-deal basis at C$0.20 per share.
The deal is being conducted by a syndicate of underwriters led by Paradigm Capital Inc. and including Wellington West Capital Markets Inc.
Settlement is expected March 5.
Proceeds will be used for general working capital purposes.
Based in Vancouver, B.C., Farallon is a minerals exploration company.
| Issuer: | Farallon Resources Ltd.
|
| Issue: | Common shares
|
| Amount: | C$10 million
|
| Shares: | 50 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Underwriters: | Paradigm Capital Inc. (lead), Wellington West Capital Markets Inc.
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 5
|
| Stock symbol: | Toronto: FAN
|
| Stock price: | C$0.18 at close Feb. 26
|
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