By Devika Patel
Knoxville, Tenn., Sept. 30 - Fieldex Exploration Inc. said it will raise C$2 million in a non-brokered private placement of units.
The company will sell 11,111,111 units of one common share and one half-share warrant at C$0.18 apiece. Each whole warrant will be exercisable at C$0.23 for two years.
Settlement is expected on Oct. 12.
Proceeds will be used for exploration on Fieldex's Lac Sairs heavy rare earth elements property and for working capital purposes.
Fieldex is a mining company based in Rouyn-Noranda, Quebec.
| Issuer: | Fieldex Exploration Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2 million
|
| Units: | 11,111,111
|
| Price: | C$0.18
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.23
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 12
|
| Stock symbol: | TSX Venture: FLX
|
| Stock price: | C$0.23 at close Sept. 30
|
| Market capitalization: | C$10.8 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.
