By Devika Patel
Knoxville, Tenn., July 30 - Northern Superior Resources Inc. said it settled a C$1 million private placement of units. The deal priced Tuesday.
The company sold 10 million units of a flow-through common share and a half-share warrant at C$0.10 per unit. Each two-year warrant will be exercisable at C$0.16 in the first year and at C$0.20 in the second.
MineralFields Group was the agent.
The Vancouver, B.C., company explores for gold.
| Issuer: | Northern Superior Resources Inc.
|
| Amount: | C$1 million
|
| Issue: | Units of a flow-through common share and a half-share warrant
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | A half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.16 in the first year, C$0.20 in the second
|
| Investor: | MineralFields Group
|
| Pricing date: | July 28
|
| Settlement date: | July 30
|
| Stock symbol: | TSX Venture: SUP
|
| Stock price: | C$0.10 at close July 28
|
| Market capitalization: | C$7.01 million
|
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