By Laura Lutz
Des Moines, Oct. 4 - Monster Copper Corp. announced that it has arranged a private placement of units for up to C$1.5 million.
The company plans to sell up to 5 million units of one share and one transferable warrant for C$0.30 per unit. Each warrant will be exercisable at C$0.55 for 18 months.
Pacific International Securities Inc. will act as agent for the deal.
Based in Richmond Hill, Ont., Monster Copper focuses on discovering copper, gold and uranium deposits.
| Issuer: | Monster Copper Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 5 million
|
| Price: | C$0.30
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.55
|
| Agent: | Pacific International Securities Inc.
|
| Pricing date: | Oct. 4
|
| Stock symbol: | TSX Venture: MNS
|
| Stock price: | C$0.31 at close on Oct. 4
|
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