By Devika Patel
Knoxville, Tenn., Oct. 10 - Apoquindo Minerals Inc. said it will take in C$5 million in a non-brokered private placement of units.
The company will sell 10 million units of one common share and one half-share warrant at C$0.50 apiece. The whole two-year warrants are exercisable at C$0.75 for the first year and at C$1.00 thereafter.
The warrants may expire sooner if the company's shares close at C$1.25 or higher for 20 consecutive trading days in the first year or at C$1.50 for 20 consecutive trading days in the second year. In that case, the warrants will expire 30 days after the company notifies holders.
Proceeds will be used to fund exploration programs on Apoquindo's mineral properties and for general working capital purposes.
Vancouver, B.C.-based Apoquindo is junior natural resources company.
| Issuer: | Apoquindo Minerals Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$5 million
|
| Units: | 10 million
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.75 in the first year, C$1.00 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 10
|
| Stock symbol: | TSX Venture: AQM
|
| Stock price: | C$0.60 at close Oct. 9
|
© 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.
