By Devika Patel
Knoxville, Tenn., Nov. 25 - Freewest Resources Canada Inc. said it plans a C$4.15 million private placement of flow-through common shares.
The company will sell 6,908,440 common shares at C$0.60 per share to Cliffs Natural Resources Inc.
Settlement is expected Nov. 30.
Proceeds will be used for working capital.
Freewest is a Montreal-based mineral exploration company.
| Issuer: | Freewest Resources Canada Inc.
|
| Issue: | Common shares
|
| Amount: | C$4,145,064
|
| Shares: | 6,908,440
|
| Price: | C$0.60
|
| Warrants: | No
|
| Investor: | Cliffs Natural Resources Inc.
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 30
|
| Stock symbol: | TSX Venture: FWR
|
| Stock price: | C$0.64 at close Nov. 25
|
| Market capitalization: | C$137 million
|
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