By Sheri Kasprzak
New York, July 13 - Mexivada Mining Corp. has upsized to C$3 million its previously announced C$2 million private placement.
The non-brokered offering now includes up to 6 million units of one share and one warrant.
The warrants are exercisable at C$0.70 each for the first year and at C$0.80 each for the second year.
The deal originally priced July 10 as a C$2 million offering of 4 million units.
Vancouver, B.C.-based Mexivada Mining is a diamond, gold, silver and uranium exploration company.
| Issuer: | Mexivada Mining Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3 million
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| Units: | 6 million
|
| Price: | C$0.50
|
| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.70 for the first year; C$0.80 for the second
|
| Placement agent: | Non-brokered
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| Pricing date: | July 10
|
| Upsized: | July 13
|
| Stock symbol: | TSX Venture: MNV
|
| Stock price: | C$0.50 at close July 10
|
| Stock price: | C$0.52 at close July 13
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