By Laura Lutz
Des Moines, Feb. 14 - Northern Peru Copper Corp. plans to raise C$23.76 million from two private placements.
In the first deal, the company plans to sell 3.3 million shares at C$6.60 each through a syndicate of underwriters led by Raymond James Ltd. and including Salman Partners Inc. and Canaccord Capital Corp.
The underwriters have a greenshoe for up to 15% of the placement, exercisable until 30 days after the closing date.
The second deal will include 300,000 shares on the same terms. It will not be underwritten.
Proceeds will be used to fund a feasibility study on the company's Galeno project, to acquire surface rights for plant and tailings facilities, to fund exploration at Galeno and the adjoining Hilorco gold deposit, and for working capital.
Settlement of both placements is expected on March 8.
Northern Peru Copper is a resource exploration company based in Vancouver, B.C.
| Issuer: | Northern Peru Copper Corp.
|
| Issue: | Shares
|
| Amount: | C$23.76 million
|
| Shares: | 3.6 million
|
| Greenshoe: | For 15%
|
| Price: | C$6.60
|
| Warrants: | No
|
| Underwriters: | Raymond James Ltd. (lead), Salman Partners Inc., Canaccord Capital Corp. for C$21.78 million; non-brokered for C$1.98 million
|
| Pricing date: | Feb. 14
|
| Settlement date: | March 8
|
| Stock symbol: | Toronto: NOC
|
| Stock price: | C$7.08 at close Feb. 14
|
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