By Devika Patel
Knoxville, Tenn., Feb. 25 - Maestro Ventures Ltd. priced a C$1.2 million non-brokered private placement of units.
The company will sell 6 million units of one common share and one warrant at C$0.20 apiece. Each two-year warrant will be exercisable at C$0.25 for the first year and at C$0.30 thereafter.
Proceeds will be used for working capital.
Maestro is a mining company based in Vancouver, B.C.
| Issuer: | Maestro Ventures Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.2 million
|
| Units: | 6 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25 for the first year, C$0.30 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 25
|
| Stock symbol: | TSX Venture: MAP
|
| Stock price: | C$0.225 at close Feb. 22
|
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