Offering raises funds for drilling, exploration at Lapaska property
By Devika Patel
Knoxville, Tenn., Dec. 16 - Mazorro Resources Inc. said it will conduct a private placement of stock. The deal will raise C$1 million.
The company will sell 6,666,667 flow-through common shares at C$0.15 per share. The price per share is a 15.39% premium to the Dec. 15 closing share price of C$0.13.
Proceeds will be used for drilling and other exploration costs at the Lapaska property in Quebec.
The gold, copper and silver explorer is based in Ottawa, Ont.
| Issuer: | Mazorro Resources Inc.
|
| Issue: | Flow-through common stock
|
| Amount: | C$1 million
|
| Shares: | 6,666,667
|
| Price: | C$0.15
|
| Warrants: | No
|
| Pricing date: | Dec. 16
|
| Stock symbol: | TSX Venture: MZO
|
| Stock price: | C$0.14 at close Dec. 16
|
| Market capitalization: | C$3.16 million
|
© 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.
