1,333,333 units of one share, a half-share warrant sold at $0.15 each
By Devika Patel
Knoxville, Tenn., March 13 - Idaho North Resources Corp. said it completed a $200,000 private placement of units with Coeur Mining Inc.
The company sold 1,333,333 units of one common share and a half-share warrant at $0.15 per unit.
The warrants will be exercisable at $0.30 for three years. The strike price is a 76.47% premium to the March 12 closing share price of $0.17.
The company said it also entered into an exploration alliance with Coeur Mining.
The gold, silver and base metals explorer is based in Coeur D'Alene, Idaho.
| Issuer: | Idaho North Resources Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $200,000
|
| Units: | 1,333,333
|
| Price: | $0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.30
|
| Investor: | Coeur Mining Inc.
|
| Settlement date: | March 13
|
| Stock symbol: | OTCBB: IDAH
|
| Stock price: | $0.17 at close March 12
|
| Market capitalization: | $1.55 million
|
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