By Devika Patel
Knoxville, Tenn., April 29 - Alto Ventures Ltd. said it plans a C$1.5 million non-brokered private placement of shares and units.
The company will sell flow-through common shares at C$0.08 each and units at C$0.07 apiece.
Each unit will consist of one common share and one warrant, with each warrant exercisable at C$0.12 for one year.
Proceeds will be used for exploration, drilling and general working capital.
Based in Vancouver, B.C., Alto Ventures is a gold exploration and development company.
| Issuer: | Alto Ventures Ltd.
|
| Issue: | Flow-through common shares, units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Agent: | Non-brokered
|
| Pricing date: | April 29
|
| Stock symbol: | TSX Venture: ATV
|
| Stock price: | C$0.07 at close April 28
|
| Market capitalization: | C$6.24 million
|
|
|
| Flow-through shares
|
| Price: | C$0.08
|
| Warrants: | No
|
|
|
| Units
|
| Price: | C$0.07
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.12
|
© 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.
