By Sheri Kasprzak
New York, July 5 - Maple Minerals Corp. has completed a downsized private placement for C$2,123,550.
The company sold 1,573,000 flow-through shares at C$1.35 each.
Dundee Securities Corp. was the placement agent in the deal, which was first announced June 7 as a C$2,525,080 offering of up to 1.5 million flow-through shares at C$1.35 each and up to 357,200 units at C$1.40 each. The units were subsequently removed, but had been comprised of one share and one half-share warrant.
Based in Toronto, Maple is a mineral exploration and development company. The proceeds from the flow-through shares will be used for exploration on the company's Canadian properties with a focus on the Shebandowan property. The proceeds from the units will be used for general corporate purposes.
| Issuer: | Maple Minerals Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$2,525,080
|
| Shares: | 1,573,000
|
| Price: | C$1.35
|
| Warrants: | No
|
| Placement agent: | Dundee Securities Corp.
|
| Pricing date: | June 7
|
| Settlement date: | July 5
|
| Stock price: | C$1.55 at close June 7
|
| Stock price: | C$1.34 at close July 5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
