By Laura Lutz
Des Moines, April 5 - Inca Pacific Resources Inc. settled a private placement of shares for C$8.85 million, down from the C$9 million deal size previously announced.
The company sold 11.8 million shares at C$0.75 each.
Raymond James Ltd. acted as agent.
The deal was announced on Feb. 15 as an C$8 million offering, and pricing was set on March 22. It was upsized to C$9 million on March 27. Settlement is expected on April 5.
Proceeds will be used to complete a feasibility study on the company's Magistral copper-molybdenum project in Peru.
Inca Pacific is a resource company based in Vancouver, B.C.
| Issuer: | Inca Pacific Resources Inc.
|
| Issue: | Shares
|
| Amount: | C$8.85 million
|
| Shares: | 11.8 million
|
| Price: | C$0.75
|
| Warrants: | No
|
| Agent: | Raymond James Ltd.
|
| Announcement date: | Feb. 15
|
| Pricing date: | March 22
|
| Upsized: | March 27
|
| Settlement date: | April 5
|
| Stock symbol: | TSX Venture: IPR
|
| Stock price: | C$0.90 at close March 22
|
| Stock price: | C$0.85 at close March 27
|
| Stock price: | C$1.22 at close April 5
|
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