By Devika Patel
Knoxville, Tenn., March 31 - LPT Capital Ltd. announced it has engaged M Partners Inc. to assist in completing a C$4.5 million private placement of units. It also said it is completing the final steps necessary to combine its business with Lincoln Gold Corp.
The company will sell the units at C$0.20 apiece. Each unit consists of one post-consolidation share and one half-share post-consolidation warrant. Each whole warrant is exercisable at C$0.30 for two years.
Proceeds will be used to carry Lincoln's business plan forward.
LPT is a Vancouver, B.C.-based capital pool company.
| Issuer: | LPT Capital Ltd.
|
| Issue: | Units of one post-consolidation share and one half-share post-consolidation warrant
|
| Amount: | C$4.5 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Agent: | M Partners Inc.
|
| Pricing date: | March 31
|
| Stock symbol: | TSX Venture: LPC.P
|
| Stock price: | C$0.15 at close March 30
|
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