Lead agent Paradigm has 15% greenshoe; proceeds slated for exploration
By Devika Patel
Knoxville, Tenn., Dec. 10 - Mega Precious Metals Inc. said it will conduct a C$1.5 million private placement of stock through a syndicate of underwriters led by Paradigm Capital Inc. There is a 15% greenshoe.
The company will sell 12.5 million flow-through common shares at C$0.12 per share on a best-efforts basis. The price per share reflects a 9.09% premium to the Dec. 9 closing share price of C$0.11.
Settlement is expected Dec. 20.
Proceeds will be used to explore and develop the company's properties in Manitoba.
Mega is a precious metals exploration company based in Thunder Bay, Ont.
Issuer: | Fission Energy Corp.
|
Issue: | Flow-through common shares
|
Amount: | C$1.5 million
|
Greenshoe: | 15%
|
Shares: | 12.5 million
|
Price: | C$0.12
|
Warrants: | No
|
Agents: | Paradigm Capital Inc. (lead)
|
Pricing date: | Dec. 10
|
Settlement date: | Dec. 20
|
Stock symbol: | TSX Venture: MGP
|
Stock price: | C$0.11 at close Dec. 9
|
Market capitalization: | C$12.75 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.