By Laura Lutz
Des Moines, April 27 - Maudore Minerals Ltd. plans to conduct a private placement of shares for up to C$5.5 million.
The shares will be priced at C$1.20 each.
Settlement of the non-brokered placement is expected on May 11.
Most of the proceeds will be used for exploration.
Maudore is a mineral exploration company based in Montreal.
| Issuer: | Maudore Minerals Ltd.
|
| Issue: | Shares
|
| Amount: | C$5.5 million
|
| Price: | C$1.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | April 27
|
| Settlement date: | May 11
|
| Stock symbol: | TSX Venture: MAO
|
| Stock price: | C$1.62 at close April 26
|
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