Proceeds earmarked for Ana Paula project; greenshoe fully exercised
By Devika Patel
Knoxville, Tenn., Feb. 16 - Newstrike Capital Inc. said it settled a private placement of stock. The deal priced for C$15.4 million with a C$2.31 million greenshoe on Jan. 31 and raised the full C$17.71 million.
The company sold 16.1 million common shares at C$1.10 per share on a best-efforts basis. The price per share represents an 11.29% discount to the Jan. 28 closing share price of C$1.24.
The deal was conducted by an agent syndicate led by GMP Securities LP and including Euro Pacific Canada Inc. and NCP Northland Capital Partners Inc.
Proceeds will be used to advance the Ana Paula project and for general corporate purposes.
Vancouver, B.C.-based Newstrike explores gold and silver properties in Mexico.
| Issuer: | Newstrike Capital Inc.
|
| Issue: | Common shares
|
| Amount: | C$17.71 million (including C$2.31 million greenshoe exercise)
|
| Shares: | 16.1 million
|
| Price: | C$1.10
|
| Warrants: | No
|
| Agents: | GMP Securities LP (lead), Euro Pacific Canada Inc. and NCP Northland Capital Partners Inc.
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 16
|
| Stock symbol: | TSX Venture: NES
|
| Stock price: | C$1.24 at close Jan. 28
|
| Market capitalization: | C$104.92 million
|
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