By Devika Patel
Knoxville, Tenn., July 13 - Herdron Capital Corp. announced it will conduct a private placement of units for C$2.45 million.
The company will sell 7 million units at C$0.35 apiece. Each unit will consist of one common share and a warrant, with each two-year warrant exercisable at C$0.45 in the first year and at C$0.60 in the second year.
CHF Investor Relations is the agent.
Edmonton, Alta.-based Herdron is a capital pool company.
Issuer: | Herdron Capital Corp.
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Issue: | Units of one common share and a warrant
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Amount: | C$2.45 million
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Units: | 7 million
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Price: | C$0.35
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.45 in the first year, C$0.60 in the second year
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Agent: | CHF Investor Relations
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Pricing date: | July 13
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Stock symbol: | TSX Venture: HDC.P
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Stock price: | C$0.45 at close July 10
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