By Sheri Kasprzak
New York, Jan. 3 - Northern Canadian Minerals Inc. said it has completed a previously announced non-brokered private placement for C$1,522,010.
The company issued 3,247,150 flow-through units and 1,365,000 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.
The deal was first announced Nov. 21 as a C$1.65 million offering of 5 million units under the same terms.
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
|
| Amount: | C$1,522,010
|
| Placement agent: | Non-brokered
|
| Pricing date: | Nov. 21
|
| Settlement date: | Dec. 30
|
| Stock price: | C$0.30 at close Nov. 21
|
| Stock price: | C$0.38 at close Dec. 30
|
|
|
| Flow-through units
|
| Units: | 3,247,150
|
| Price: | C$0.33
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.50
|
|
|
| Non flow-through units
|
| Units: | 1,365,000
|
| Price: | C$0.33
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.50
|
|
|
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