Company to sell units of one common share, one warrant at C$0.15 each
By Devika Patel
Knoxville, Tenn., Dec. 20 - First Pursuit Ventures Ltd. said it has arranged a private placement of units. The non-brokered offering will raise C$1.05 million.
The company will sell 7 million units of one common share and one five-year warrant at C$0.15 per unit. Each warrant is exercisable at C$0.20 in the first year and at C$0.25 in the remaining four years.
The strike prices are 29.03% and 61.29% premiums to the Dec. 17 closing share price of C$0.155.
Proceeds will be used for working capital and general expenses.
Based in Vancouver, B.C., First Pursuit explores for precious and base metals.
Issuer: | First Pursuit Ventures Ltd.
|
Issue: | Units of one common share and one warrant
|
Amount: | C$1.05 million
|
Units: | 7 million
|
Price: | C$0.15
|
Warrants: | One warrant per unit
|
Warrant expiration: | Five years
|
Warrant strike price: | C$0.20 in the first year, C$0.25 in remaining four years
|
Pricing date: | Dec. 20
|
Stock symbol: | TSX Venture: FPV
|
Stock price: | C$0.155 at close Dec. 17
|
Market capitalization: | C$4.02 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.