By Sheri Kasprzak
New York, Nov. 22 - Northern Canadian Minerals Inc. said it arranged a private placement for C$1.65 million.
The non-brokered offering includes up to 5 million flow-through and non flow-through units at C$0.33 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$0.50 each for one year.
Based in Vancouver, B.C., Northern Canadian is a mineral exploration company.
| Issuer: | Northern Canadian Minerals Inc.
|
| Issue: | Flow-through and non flow-through units of one share and one half-share warrant
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| Amount: | C$1.65 million (maximum)
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| Units: | 5 million (maximum)
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| Price: | C$0.33
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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$0.50
|
| Placement agent: | Non-brokered
|
| Pricing date: | Nov. 21
|
| Stock price: | C$0.30 at close Nov. 21
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