By Sheri Kasprzak
New York, March 20 - Northern Peru Copper Corp. said it intends to raise up to C$13 million in a private placement.
The non-brokered deal includes up to 4 million shares at C$3.25 apiece.
Proceeds will be used for exploration on the company's Galeno property in Peru and for exploration on the Hilorico gold project. The remainder will be used for a pre-feasibility study and for working capital.
Vancouver, B.C.-based Northern Peru is a copper exploration company.
| Issuer: | Northern Peru Copper Corp.
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| Issue: | Stock
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| Amount: | C$13 million (maximum)
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| Shares: | 4 million (maximum)
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| Price: | C$3.25
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| Warrants: | No
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| Pricing date: | March 20
|
| Stock symbol: | Toronto: NOC
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| Stock price: | C$3.63 at close March 17
|
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