By Laura Lutz
Washington, Jan. 25 - Normabec Mining Resources Ltd. announced a private placement of units for up to C$1.188 million.
The company plans to sell up to 3.6 million units of one share and one half-share warrant at C$0.33 per unit. Each whole warrant will be exercisable at C$0.55 for 18 months.
The non-brokered deal is expected to close by mid-February.
Proceeds will be used for working capital.
Normabec is a mining exploration company based in St-Bruno, Quebec.
Issuer: | Normabec Mining Resources Ltd.
|
Issue: | Units of one share and one half-share warrant
|
Amount: | C$1.188 million
|
Units: | 3.6 million
|
Price: | C$0.33
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | 18 months
|
Warrant strike price: | C$0.55
|
Agent: | Non-brokered
|
Pricing date: | Jan. 25
|
Stock symbol: | TSX Venture: NMB
|
Stock price: | C$0.40 at close Jan. 25
|
© 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.