Non-brokered deal raises proceeds for exploration and working capital
By Devika Patel
Knoxville, Tenn., June 24 – Nevada Exploration Inc. said on Thursday that it has arranged a C$1.5 million non-brokered private placement of units.
The company will sell 4,285,715 units of one common share and one half-share warrant at C$0.35 per unit.
Each whole warrant is exercisable at C$0.60 for 18 months. The strike price reflects a 42.86% premium to the June 22 closing share price of C$0.42.
Proceeds will be used for exploration and general working capital.
Nevada Exploration is a resource exploration company based in Vancouver, B.C.
Issuer: | Nevada Exploration Inc.
|
Issue: | Units of one common share and one half-share warrant
|
Amount: | C$1.5 million
|
Units: | 4,285,715
|
Price: | C$0.35
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | 18 months
|
Warrant strike price: | C$0.60
|
Agent: | Non-brokered
|
Pricing date: | June 23
|
Stock symbol: | TSX Venture: NGE
|
Stock price: | C$0.42 at close June 22
|
Market capitalization: | C$12.97 million
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.