By Sheri Kasprzak
New York, Oct. 17 - North American Tungsten Corp. Ltd. said it has arranged a private placement for C$5 million.
The offering includes 4 million shares at C$1.25 each.
The offering is being placed through a syndicate of agents led by Haywood Securities Inc. and Sprott Securities Inc.
Proceeds will be used for working capital.
Based in Vancouver, B.C., North American Tungsten is a mineral exploration company.
| Issuer: | North American Tungsten Corp. Ltd.
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| Issue: | Stock
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| Amount: | C$5 million
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| Shares: | 4 million
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| Price: | C$1.25
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| Warrants: | No
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| Placement agents: | Haywood Securities Inc. (lead); Sprott Securities Inc. (lead)
|
| Pricing date: | Oct. 17
|
| Stock price: | C$1.20 at close Oct. 17
|
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