By Laura Lutz
Des Moines, Aug. 2 - FirstGrowth Capital Inc. intends to close a private placement of units for up to C$4.2 million.
The company plans to sell up to 4 million units of one share and one warrant at C$1.05 per unit. Each whole warrant will be exercisable at C$1.75 for two years.
The placement will be non-brokered.
Proceeds will be used for the company's growth and for working capital.
FirstGrowth is an oil, gas and mineral exploration services company based in Vancouver, B.C.
| Issuer: | FirstGrowth Capital Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$4.2 million
|
| Units: | 4 million
|
| Price: | C$1.05
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.75
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 2
|
| Stock symbol: | TSX Venture: FGC
|
| Stock price: | C$0.98 at close Aug. 1
|
© 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.
