By Devika Patel
Knoxville, Tenn., Jan. 30 - International Wayside Gold Mines Ltd. said it will conduct a C$1 million non-brokered private placement of units.
The company intends to sell up to 10 million units of one share and one half-share warrant at C$0.10 per unit. Each whole warrant will be exercisable at C$0.185 for two years.
The company may pay a 6% cash finder's fee.
Proceeds will be used for general working capital.
International Wayside Gold is a gold mining company based in Vancouver, B.C.
| Issuer: | International Wayside Gold Mines Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.185
|
| Agent: | Non-brokered
|
| Fees: | 6% in cash
|
| Pricing date: | Jan. 30
|
| Stock symbol: | TSX Venture: WGM
|
| Stock price: | C$0.095 at close Jan. 29
|
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