By Sheri Kasprzak
New York, Oct. 4 - Monster Copper Corp. said it has priced a C$1,507,500 private placement.
The deal includes up to 3.35 million units at C$0.45 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$0.75 each for two years.
Placement agents Pacific International Securities Inc. and Canaccord Capital Corp. have an over-allotment option for up to 1.5 million additional units.
Based in Richmond Hill, Ont., Monster Copper is a copper-gold-uranium exploration company.
Issuer: | Monster Copper Corp.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$1,507,500 (maximum)
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Units: | 3.35 million (maximum)
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Price: | C$0.45
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.75
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Placement agents: | Pacific International Securities Inc. and Canaccord Capital Corp.
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Pricing date: | Oct. 3
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Stock price: | C$0.50 at close Oct. 3
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