New York, June 30 - L.G.R. Resources Ltd. completed its non-brokered private placement at a size of C$950,000, a little smaller than the C$1 million maximum amount announced at pricing on May 29.
The deal includes 4,222,219 units at C$0.225 each.
The units consist of one share and one half-share warrant with each whole warrant exercisable at C$0.30 for two years.
The proceeds will be used for future prospects as well as for working capital.
Vancouver, B.C.-based L.G.R. is a mineral exploration company.
| Issuer: | L.G.R. Resources Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$950,000
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| Units: | 4,222,219
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| Price: | C$0.225
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
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| Warrant strike price: | C$0.30
|
| Placement agent: | Non-brokered
|
| Pricing date: | May 29
|
| Settlement: | June 30
|
| Stock symbol: | CNQ: MHPT
|
| Stock price: | C$0.30 at close May 29, C$0.70 at close June 30
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