Nevoro to raise C$20 million in private placement of escrow receipts

By Devika Patel

Knoxville, Tenn., April 28 - Nevoro Inc. said it plans to price a C$20 million private placement of escrow receipts.

Each escrow receipt will be automatically exchanged, for no additional consideration, for one unit.

Each unit will comprise one common share and a one half-share warrant at an offering price to be determined.

The syndicate of agents, led by Thomas Weisel Partners Canada Inc., will have the option to sell up to an additional 15% of escrow receipts.

Settlement is expected May 22.

Proceeds will be used for exploration and general corporate purposes.

Nevoro is a precious metals exploration company based in Toronto.

© 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.