By Laura Lutz
Des Moines, March 26 - Nortec Ventures Corp. negotiated a private placement for up to C$2.025 million.
The company plans to sell a combination of shares and special warrants exchangeable for shares.
Both the shares and special warrants will be priced at C$0.15. The combined number of both will be no more than 13.5 million.
The special warrants will be exchangeable on the third business day after the company obtains shareholder approval for the warrants.
Proceeds of the non-brokered placement will be used for company's projects and for working capital.
Nortec is a Vancouver, B.C.-based mineral exploration company.
| Issuer: | Nortec Ventures Corp.
|
| Issue: | Shares and special warrants exercisable for shares
|
| Amount: | C$2.025 million
|
| Price: | C$0.15
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | March 26
|
| Stock symbol: | TSX Venture: NVT
|
| Stock price: | C$0.17 at close March 23
|
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