Proceeds used for exploration in Nevada and Guatemala, working capital
By Devika Patel
Knoxville, Tenn., Jan. 19 - Firestone Ventures Inc. said it completed a non-brokered private placement of units. The deal priced for C$1 million on Dec. 20 and raised C$1.35 million.
The company sold 13,455,000 units of one common share and one half-share warrant at C$0.10 apiece. Each whole two-year warrant is exercisable at C$0.15, a 36.36% premium to the Dec. 17 closing share price of C$0.11.
Proceeds will be used for exploration in Nevada and Guatemala and for general working capital.
Firestone is a resource exploration and development company based in Edmonton, Alta.
| Issuer: | Firestone Ventures Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,345,500
|
| Units: | 13,455,000
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 20
|
| Settlement date: | Jan. 19
|
| Stock symbol: | TSX Venture: FV
|
| Stock price: | C$0.10 at close Dec. 20
|
| Market capitalization: | C$12.57 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.
