By Devika Patel
Knoxville, Tenn., April 15 - Guardian Exploration Inc. announced it plans a C$3 million placement of stock.
The company will sell common shares at C$0.30 apiece. Guardian also will sell 3,381,853 flow-through shares at C$0.35 apiece.
Blackmont Capital Inc. is the agent.
Proceeds will be used for drilling.
Calgary, Alta.-based Guardian acquires, explores and develops resource properties.
| Issuer: | Guardian Exploration Inc.
|
| Issue: | Common shares, flow-through shares
|
| Amount: | C$3 million
|
| Warrants: | No
|
| Agent: | Blackmont Capital Inc.
|
| Pricing date: | April 15
|
| Stock symbol: | TSX Venture: GX
|
| Stock price: | C$0.28 at close April 14
|
|
|
| Common shares
|
| Price: | C$0.30
|
|
|
| Flow-through shares
|
| Price: | C$0.35
|
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