Offering conducted on a best-efforts basis through agent Raymond James
By Devika Patel
Knoxville, Tenn., June 26 - First Point Minerals Corp. said it completed a C$1.61 million private placement of stock. The best-efforts deal was announced June 13 and priced for C$2 million on June 15.
The company sold 2,684,933 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 was conducted by agents led by Raymond James Ltd.
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$1,610,960
|
| Shares: | 2,684,933
|
| 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$45.65 million
|
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