By Devika Patel
Knoxville, Tenn., March 17 - LeBoldus Capital Inc. said it arranged a non-brokered private placement of units for between C$1 million and C$1.5 million.
The company will sell between 5 million and 7.5 million units at $0.20 apiece. The units each consist of one common share and one warrant, with each warrant exercisable at $0.40 for two years.
Proceeds will be used for exploration and general working capital purposes.
The capital pool company is based in Calgary, Alta.
| Issuer: | LeBoldus Capital Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million (minimum); C$1.5 million (maximum)
|
| Shares: | 5 million (minimum); 7.5 million (maximum)
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | March 17
|
| Stock symbol: | TSX Venture: LEB.P
|
| Stock price: | C$0.02 at close March 17
|
| Market capitalization: | C$90,000
|
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