Company sells two types of unit to finance Treasure Mountain project
By Devika Patel
Knoxville, Tenn., May 31 - Huldra Silver Inc. said it will conduct a C$3.99 million non-brokered private placement of units.
The company will sell 7.5 million flow-through units of one flow-through common share and one half-share warrant at C$0.40 per unit and 3.3 million non flow-through units of one common share and one warrant at C$0.30 per unit.
The two-year flow-through unit warrants are exercisable at C$0.50, a 47.06% premium to the May 30 closing share price of C$0.34. The two-year non flow-through unit warrants are exercisable at C$0.40, a 17.65% premium to the May 30 closing share price.
Proceeds will be used to advance the Treasure Mountain project, for resource exploration, debt repayment and general working capital purposes
Vancouver, B.C.-based Huldra explores and develops silver deposits.
| Issuer: | Huldra Silver Inc.
|
| Issue: | Flow-through units of one flow-through common share and one half-share warrant, non flow-through units of one common share and one warrant
|
| Amount: | C$3.99 million
|
| Warrant expiration: | Two years
|
| Agent: | Non-brokered
|
| Pricing date: | May 31
|
| Stock symbol: | TSX Venture: HDA
|
| Stock price: | C$0.34 at close May 30
|
| Market capitalization: | C$17.04 million
|
|
|
| Flow-through units
|
| Amount: | C$3 million
|
| Units: | 7.5 million
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | C$0.50
|
|
|
| Non flow-through units
|
| Amount: | C$990,000
|
| Units: | 3.3 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant strike price: | C$0.40
|
© 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.
