Company sells units at $0.225 apiece to Nanominerals
By Devika Patel
Knoxville, Tenn., Aug. 20 – Ireland, Inc. settled a $300,000 private placement of units with Nanominerals Corp. on Aug. 15, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal priced on March 25.
The company sold 1,333,333 units of one common share and a warrant at $0.225 per unit.
The warrants are each exercisable at $0.45 until March 29, 2019. The strike price reflects a 114.29% premium to the March 24 closing share price of $0.21.
Located in Blaine, Wash., Ireland is a silver and gold exploration company.
| Issuer: | Ireland, Inc.
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| Issue: | Units of one common share and a warrant
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| Amount: | $300,000
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| Units: | 1,333,333
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| Price: | $0.225
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| Warrants: | One warrant per unit
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| Warrant expiration: | March 29, 2019
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| Warrant strike price: | $0.45
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| Investor: | Nanominerals Corp.
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| Pricing date: | March 25
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| Settlement date: | Aug. 15
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| Stock symbol: | OTCBB: IRLD
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| Stock price: | $0.21 at close March 24
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| Market capitalization: | $34 million
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