Published on 9/4/2007 in the Prospect News PIPE Daily.
New Issue: Lynden Ventures plans C$5 million private placement of units
By Devika Patel
Knoxville, Tenn., Sept. 4 - Lynden Ventures Ltd. announced that it plans to raise C$5,000,050 in a non-brokered private placement of units.
The company plans to sell 4,545,500 units at C$1.10 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant is exercisable at C$1.50 for two years.
Lynden is an oil and gas exploration company based in Vancouver, B.C.
| Issuer: | Lynden Ventures Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$5,000,050
|
| Units: | 4,545,500
|
| Price: | C$1.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.50
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 4
|
| Stock symbol: | TSX Venture: LVL
|
| Stock price: | C$1.45 at close Aug. 31
|
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