By Devika Patel
Knoxville, Tenn., Oct. 1 - Northern Peru Copper Corp. announced it has completed a previously reported non-brokered C$5 million private placement of shares. The deal was announced Sept. 12.
As previously reported, the company sold 549,451 common shares at C$9.10 apiece. The shares have a four-month hold period.
Northern Peru paid C$150,000 in finder's fees.
Proceeds will be used to fund a feasibility study on the company's Galeno project, to fund the acquisition of certain surface rights, for exploration programs, to repay a loan provided to the company, to pay for additional mineral rights and for general corporate purposes.
Northern Peru is a resource exploration company based in Vancouver, B.C.
| Issuer: | Northern Peru Copper Corp.
|
| Issue: | Shares
|
| Amount: | C$5 million
|
| Shares: | 549,451
|
| Price: | C$9.10
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 12
|
| Stock symbol: | Toronto: NOC
|
| Stock price: | C$9.78 at close Sept. 12
|
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