Natan Resources negotiates private placement of equity units and stock

Company conducts offering in connection with qualifying transaction

By Devika Patel

Knoxville, Tenn., Aug. 16 - Natan Resources Ltd. said it plans a private placement of shares and units.

The company expects to sell flow-through common shares at C$0.13 each and units of one common share and one half-share warrant at C$0.10 per unit.

Each two-year warrant will be exercisable at C$0.15, a 7.14% premium to the Aug. 15 closing share price of C$0.14. The price per share is a 7.14% discount to that price.

Proceeds will be used to meet the TSX Venture Exchange's initial listing requirements for a tier 2 mining issuer in connection with the company's planned qualifying transaction.

The capital pool company is based in Vancouver, B.C.

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