By Sheri Kasprzak
New York, June 28 - Hansa Corp. said it intends to raise up to C$1.8 million in a private placement of units as part of its acquisition of Minera Azteca de Oro y Plata SA de CV, a private Mexican company.
The non-brokered offering includes up to 1.2 million units at C$1.50 apiece.
Each unit consists of 10 shares and five warrants. Each warrant is exercisable at C$0.50 each for two years.
Under the terms of the reverse takeover, Hansa will issue 30.5 million shares and two-year warrants for up to 7.5 million additional shares, exercisable at C$0.50 each, at a price of C$0.15 each in exchange for all of Minera's outstanding stock.
The new company will be called Azteca Gold Corp.
Connected to the deal, Rhonda Corp. has agreed to place 6.25 million shares of Hansa at C$0.15 each.
Calgary, Alta.-based Hansa is a mineral exploration company.
| Issuer: | Hansa Corp.
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| Issue: | Units of 10 shares and five warrants
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| Amount: | C$1.8 million
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| Units: | 1.2 million
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| Price: | C$1.50
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| Warrants: | Five warrants per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.50
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| Placement agent: | Non-brokered
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| Pricing date: | June 28
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