By Devika Patel
Knoxville, Tenn., June 1 - Apoquindo Minerals Inc. said it will take in C$5.01 million in a non-brokered private placement of units.
The company will sell 7.7 million units of one common share and one half-share warrant at C$0.65 apiece. The whole two-year warrants are exercisable at C$0.90 for the first year and at C$1.10 for the second year.
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$5,005,000
|
| Units: | 7.7 million
|
| Price: | C$0.65
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.90 in the first year, C$1.10 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | June 1
|
| Stock symbol: | TSX Venture: AQM
|
| Stock price: | C$0.80 at close May 29
|
| Market capitalization: | C$27.4 million
|
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