By Susanna Moon
Chicago, June 21 - Ireland Inc. raised $2.77 million in the first tranche of a private placement of units, according to an 8-K filing with the Securities and Exchange Commission.
The company issued a total of 4.266 million units for $0.65 each June 20.
Units consist of one share and one half-share warrant. Each whole warrant is exercisable at $1.00 per share for one year.
On April 25, Ireland priced the units for two private placements totaling $13 million.
S & P Investors, Inc. is the placement agent.
Ireland is a mineral exploration company based in Blaine, Wash.
Issuer Ireland Inc.
| Issue: | Units of one share and 0.5 warrants
|
| Amount: | $2,772,900
|
| Units: | 4,266,000
|
| Price: | $0.65
|
| Warrants: | One half-share per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $1.00
|
| Agent: | S & P Investors, Inc.
|
| Pricing date: | April 25
|
| Settlement date: | June 20
|
| Stock symbol: | OTCBB: IRLD
|
| Stock price: | $1.26 at close April 25
|
| Stock price: | $2.11 at close June 4
|
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