Company sells units of one share, a half-share warrant at $0.55 each
By Devika Patel
Knoxville, Tenn., June 9 - Ireland, Inc. settled a $2.76 million private placement of units on June 8, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 5,018,199 units of one common share and a half-share warrant at $0.55 per unit in three tranches.
The whole warrants are each exercisable at $0.80 until June 30, 2014. The strike price reflects a 40.35% premium to the June 7 closing share price of $0.57.
Located in Blaine, Wash., Ireland is a silver and gold exploration company.
| Issuer: | Ireland, Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $2,760,010
|
| Units: | 5,018,199
|
| Price: | $0.55
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | June 30, 2014
|
| Warrant strike price: | $0.80
|
| Settlement date: | June 8
|
| Stock symbol: | OTCBB: IRLD
|
| Stock price: | $0.59 at close June 8
|
| Market capitalization: | $67.46 million
|
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