By Sheri Kasprzak
New York, May 4 - Nortec Ventures Corp. has concluded a C$1.2 million private placement.
The company sold, on a non-brokered basis, 10 million units of one share and one half-share warrant.
Each full warrant allows for the purchase of another share at C$0.15 for one year.
Located in Vancouver, B.C., Nortec is a mineral exploration company.
| Issuer: | Nortec Ventures Corp.
|
| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.2 million
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| Units: | 10 million
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| Price: | C$0.12
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.15
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| Placement agent: | Non-brokered
|
| Settlement date: | May 3
|
| Stock symbol: | TSX Venture: NVT
|
| Stock price: | C$0.185 at close May 3
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