By Laura Lutz
Des Moines, Aug. 17 - Nikos Explorations Ltd. has closed a private placement for C$1.2 million.
The company sold 6,666,667 units of one share and one non-transferable warrant for C$0.18 each.
Each warrant is exercisable at C$0.25 until 7 p.m. ET on Aug. 16, 2008.
Proceeds will be used to pay some accounts payable and for ongoing mineral project evaluation, deferred exploration expenses and working capital.
Nikos Explorations Ltd. is a copper and gold exploration company based in Vancouver, B.C.
| Issuer: | Nikos Explorations
|
| Issue: | Units of one share and one non-transferable warrant
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| Amount: | C$1.2 million
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| Units: | 6,666,667
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| Price: | C$0.18
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| Warrants: | One per unit
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| Warrant expiration: | Aug. 16, 2008
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| Warrant strike price: | C$0.25
|
| Settlement date: | Aug. 17
|
| Stock symbol: | TSX Venture: NIK
|
| Stock price: | C$0.38 at close Aug. 16
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