By Sheri Kasprzak
New York, Dec. 4 - Metallica Resources Inc. priced a C$30.015 million private placement.
The company intends to sell 6.67 million units at C$4.50 each.
The units consist of one share and one half-share warrant with each whole warrant exercisable at C$5.50 for three years.
Underwriter Canaccord Capital Corp. has a greenshoe for up to 1,000,500 additional units, exercisable for up to 30 days after closing.
The deal is set to close on Dec. 20.
Proceeds will be used for work at the company's Cerro San Pedro gold project as well as for exploration and working capital.
Toronto-based Metallica is a precious and base metal exploration and development company.
| Issuer: | Metallica Resources Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$30.015 million
|
| Units: | 6.67 million
|
| Greenshoe: | For 1,000,500 units
|
| Price: | C$4.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$5.50
|
| Underwriter: | Canaccord Capital Corp.
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 20
|
| Stock symbol: | Toronto: MR
|
| Stock price: | C$4.69 at close Dec. 1
|
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