By Sheri Kasprzak
Atlanta, April 12 - Iciena Ventures Inc. said it plans to head to the private placement market with a C$1 million offering.
The deal includes 5 million units at C$0.20 each.
The units are comprised of one share and one warrant. The warrants allow for an additional share at C$0.30 each for two years.
Based in Vancouver, B.C., Iciena is a diamond and mineral exploration company. It plans to use the proceeds for working capital and to fund exploration on its mineral properties.
| Issuer: | Iciena Ventures Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1 million
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| Units: | 5 million
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| Price: | C$0.20
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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$0.30
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| Pricing date: | April 11
|
| Stock price: | C$0.235 at close April 11
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