New York, April 20 - First Majestic Resource Corp. said it wrapped a C$28 million private placement of special warrants including exercise of the C$7 million greenshoe.
The offering includes 7 million special warrants at C$4.00 each, 2 million of the total from the over-allotment option.
The special warrants are exchangeable on a one-for-one basis for common shares once a prospectus covering the underlying shares is declared effective.
The syndicate of underwriters was led by Sprott Securities Inc.
Toronto-based First Majestic is a silver development and acquisition company.
| Issuer: | First Majestic Resource Corp.
|
| Issue: | Special warrants
|
| Amount: | C$28 million
|
| Special warrants: | 7 million including exercise of 2 million warrant greenshoe
|
| Greenshoe: | For 2 million special warrants
|
| Price: | C$4.00
|
| Warrants: | No
|
| Underwriters: | Sprott Securities Inc. (lead)
|
| Pricing date: | March 23
|
| Settlement date: | April 20
|
| Stock symbol: | TSX Venture: FR
|
| Stock price: | C$4.25 at close March 23, C$4.38 at close April 20
|
|
|
© 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.
