By Devika Patel
Knoxville, Tenn., June 29 - Apoquindo Minerals Inc. said it completed a non-brokered private placement of units, raising C$6.98 million. The deal priced for C$5.01 million on June 1 and was increased to C$7.15 million on June 10.
The company sold 10,743,145 units of one common share and one half-share warrant at C$0.65 per unit. The whole two-year warrants are exercisable at C$0.90 for the first year and at C$1.10 thereafter.
Proceeds will be used to fund exploration programs on Apoquindo's mineral properties and for general working capital.
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$6,983,044
|
| Units: | 10,743,145
|
| 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
|
| Upsized: | June 10
|
| Settlement date: | June 29
|
| Stock symbol: | TSX Venture: AQM
|
| Stock price: | C$0.80 at close May 29
|
| Market capitalization: | C$21.5 million
|
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