Brokered offering will be conducted by Dundee Securities
By Devika Patel
Knoxville, Tenn., Jan. 4 - Nemaska Exploration Inc. said it will conduct a private placement of stock with a Chinese investor. The deal will raise C$3.69 million.
The company will sell 7,370,468 shares at C$0.50 each. Investors will also receive 4,963,050 warrants.
Each warrant is exercisable for one year at C$0.61. The strike price reflects a 7.02% premium to the Jan. 3 closing share price of C$0.57.
The deal will be conducted by Dundee Securities Corp.
Nemaska is a mineral exploration company based in Quebec City.
| Issuer: | Nemaska Exploration Inc.
|
| Issue: | Common shares
|
| Amount: | C$3,685,234
|
| Shares: | 7,370,468
|
| Price: | C$0.50
|
| Warrants: | 4,963,050
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.61
|
| Agent: | Dundee Securities Corp.
|
| Pricing date: | Jan. 4
|
| Stock symbol: | TSX Venture: NMX
|
| Stock price: | C$0.57 at close Jan. 3
|
| Market capitalization: | C$28.97 million
|
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