Halo will not proceed with C$5.02 million private placement of stock, units

By Sheri Kasprzak

Atlanta, April 19 - Halo Resources Ltd. said Tuesday that it will not proceed with its previously announced C$5.02 million private placement.

In a statement, the company said it has C$4.5 million in working capital, which it says is sufficient to complete its currently planned phase of activities.

The deal was first announced March 17 and included up to 2 million flow-through shares at C$1.25 each and up to 2.1 million non flow-through units at C$1.20 each.

The units were comprised of one share and one half-share warrant. The full warrants would have allowed for an additional share at C$1.35 each for two years.

Canaccord Capital Corp. and Pacific International Securities Inc. had been the placement agents in the offering.

Vancouver, B.C.-based Halo is a precious metals exploration and development company.

© 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.