By Laura Lutz
Washington, March 6 - Mansfield Minerals Inc. arranged a private placement of shares for up to C$15 million.
The company plans to sell up to 5 million shares at C$3.00 each.
Paradigm Capital Inc. will act as lead agent with GMP Securities LP as co-agent. The agents have a greenshoe for up to 500,000 additional shares.
Settlement is expected on March 27.
Proceeds will be used to finance exploration and investments in Argentina and Peru, for general and administrative costs and for working capital.
Mansfield is a mining exploration company based in Vancouver, B.C.
| Issuer: | Mansfield Minerals Inc.
|
| Issue: | Shares
|
| Amount: | C$15 million
|
| Shares: | 5 million
|
| Greenshoe: | For 500,000 shares
|
| Price: | C$3.00
|
| Warrants: | No
|
| Agents: | Paradigm Capital Inc. (lead), GMP Securities LP
|
| Pricing date: | March 6
|
| Settlement date: | March 27
|
| Stock symbol: | TSX Venture: MDR
|
| Stock price: | C$3.15 at close on March 6
|
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