By Sheri Kasprzak
New York, July 20 - Full Metal Minerals Ltd. said it has wrapped an oversubscribed private placement for C$1,025,400.
The company sold 2,563,500 units at C$0.40 each in two tranches.
The units include one share and one half-share warrant. The whole warrants provide for the purchase of an additional share at C$0.55 each for two years.
The offering was first announced June 6 as a C$1 million deal of up to 2.5 million units under the same terms.
Based in Vancouver, B.C., Full Metal Minerals is a mineral exploration company.
| Issuer: | Full Metal Minerals Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1,025,400
|
| Units: | 2,563,500
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.55
|
| Pricing date: | June 6
|
| Settlement date: | July 19
|
| Stock price: | C$0.40 at close June 6
|
| Stock price: | C$0.365 at close July 19
|
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