Published on 9/27/2007 in the Prospect News PIPE Daily.
New Issue: Iron Creek to raise C$1.59 million in private placement of units
By Devika Patel
Knoxville, Tenn., Sept. 27 - Iron Creek Capital Corp. said it plans a C$1.59 million private placement of units.
The company will sell 6,000,000 units at C$0.265 apiece. Each unit will consist of one common share and one transferable warrant. Each whole warrant is exercisable at C$0.50 for two years.
Iron Creek is a Vancouver, B.C.-based capital pool company.
| Issuer: | Iron Creek Capital Corp.
|
| Issue: | Units of one common share and one transferable warrant
|
| Amount: | C$1.59 million
|
| Units: | 6,000,000
|
| Price: | C$0.265
|
| Warrants: | One warrant per unit
|
| Warrant strike price: | C$0.50
|
| Warrant expiration: | Two years
|
| Pricing date: | Sept. 27
|
| Stock symbol: | TSX Venture: IRN.P
|
| Stock price: | C$0.35 at close Sept. 26
|
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