By Laura Lutz
Des Moines, March 27 - Mansfield Minerals Inc. settled a private placement of shares for C$16.5 million, including a fully exercised greenshoe for C$1.5 million.
The company sold 5.5 million shares at C$3.00 each. The greenshoe included 500,000 shares.
Paradigm Capital Inc. acted as lead agent with GMP Securities LP as co-agent.
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.
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Issue: | Shares
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Amount: | C$16.5 million
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Shares: | 5.5 million (Greenshoe for 500,000 shares)
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Price: | C$3.00
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Warrants: | No
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Agents: | Paradigm Capital Inc. (lead), GMP Securities LP
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Pricing date: | March 6
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Settlement date: | March 27
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Stock symbol: | TSX Venture: MDR
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Stock price: | C$3.15 at close March 6
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Stock price: | C$3.28 at close March 27
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