By Devika Patel
Knoxville, Tenn., Sept. 9 - Galway Resources Ltd. said it will conduct a C$10 million private placement of units.
The company will sell 20 million units at C$0.50 apiece. Each unit consists of one common share and one half-share warrant.
The whole warrants are exercisable at C$0.75 for two years.
GMP Securities LP and M Partners Inc. are the lead agents.
Settlement is expected on Sept. 29.
Proceeds will be used for exploration and general corporate purposes.
Galway is a mining company based in Elko, Nev.
| Issuer: | Galway Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$10 million
|
| Units: | 20 million
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | C$0.75
|
| Warrant expiration: | Two years
|
| Agent: | GMP Securities LP and M Partners Inc. (leads)
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 29
|
| Stock symbol: | TSX Venture: GWY
|
| Stock price: | C$0.52 at close Sept. 8
|
| Market capitalization: | C$26.5 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.
