By Laura Lutz
Des Moines, July 6 - Fieldex Exploration Inc. increased the maximum size of its previously announced private placement of units to C$3.9 million from C$3.25 million.
The company now plans to sell up to 6 million units of one share and one warrant at C$0.65 per unit. Each whole warrant will be exercisable at C$0.80 for two years.
PowerOne Capital Markets Ltd. will be the agent.
When the deal priced on June 27, it was expected to include up to 5 million units.
Settlement is expected on July 12.
Proceeds will be used for exploration, working capital and general corporate purposes.
Fieldex is a mining company based in Rouyn-Noranda, Quebec.
| Issuer: | Fieldex Exploration Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3.9 million
|
| Units: | 6 million
|
| Price: | C$0.65
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.80
|
| Agent: | PowerOne Capital Markets Ltd.
|
| Pricing date: | June 27
|
| Upsized: | July 6
|
| Settlement date: | July 12
|
| Stock symbol: | TSX Venture: FLX
|
| Stock price: | C$0.66 at close June 26
|
| Stock price: | C$0.69 at close July 5
|
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