Offering conducted on a best-efforts basis through agent Raymond James
By Devika Patel
Knoxville, Tenn., June 15 - First Point Minerals Corp. said it priced a C$2 million private placement of stock. The deal was announced Wednesday and will be conducted on a best-efforts basis.
The company will sell flow-through common shares at C$0.60 apiece. The price per share represents a 7.14% premium to C$0.56, the June 14 closing share price.
The deal will be conducted by agents led by Raymond James Ltd.
Settlement is expected June 26
Proceeds will be used for exploration.
Based in Vancouver, B.C., First Point is a precious and base metals exploration company.
| Issuer: | First Point Minerals Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2 million
|
| Price: | C$0.60
|
| Warrants: | No
|
| Agent: | Raymond James Ltd. (lead)
|
| Announcement date: | June 13
|
| Pricing date: | June 15
|
| Settlement date: | June 26
|
| Stock symbol: | TSX Venture: FPX
|
| Stock price: | C$0.56 at close June 14
|
| Market capitalization: | C$47.96 million
|
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