By Sheri Kasprzak
New York, July 22 - Hillsborough Resources Ltd. said it plans to raise up to C$4,005,000 in a private placement.
The offering includes up to 2.67 million flow-through shares at C$1.50 each.
Pacific International Securities Inc. is the placement agent.
The company may also sell up to 350,000 flow-through shares to directors, officers and employees at the same price per share.
The private placement is expected to close Aug. 10.
Proceeds will be used for exploration expenses.
Based in Vancouver, B.C., Hillsborough is a coalmining company.
| Issuer: | Hillsborough Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$4,005,000
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| Shares: | 2.67 million
|
| Price: | C$1.50
|
| Warrants: | No
|
| Placement agent: | Pacific International Securities Inc.
|
| Pricing date: | July 22
|
| Settlement date: | Aug. 10
|
| Stock price: | C$1.22 at close July 22
|
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