Proceeds to increase mill inventory from Treasure Mountain Mine
By Toni Weeks
San Diego, Sept. 17 - Huldra Silver Inc. announced it intends to raise C$6.75 million in a non-brokered private placement of units.
The company plans to sell 5 million units of one common share and one half-share warrant at C$1.35 per unit, with each warrant exercisable at C$1.75 for six months. The strike price is a 17.45% premium to the closing share price of C$1.49 on Sept. 14.
Proceeds will be used to increase the mill inventory from the Treasure Mountain Mine and for debt repayment and general working capital.
Vancouver, B.C.-based Huldra explores and develops silver deposits.
Issuer: | Huldra Silver Inc.
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Issue: | Units of one common share and one half-share warrant
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Amount: | C$6.75 million
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Units: | 5 million
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Price: | C$1.35
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Six months
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Warrant strike price: | C$1.75
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Agent: | Non-brokered
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Pricing date: | Sept. 17
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Stock symbol: | TSX Venture: HDA
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Stock price: | C$1.49 at close Sept. 14
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Market capitalization: | C$53.42 million
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