Brokered offering of flow-through stock expected to fund exploration
By Devika Patel
Knoxville, Tenn., Feb. 14 - Northern Tiger Resources Inc. said it has arranged a private placement of stock through agent Casimir Capital Ltd. It will raise C$3 million.
The company will sell 5.45 million flow-through common shares at C$0.55 apiece. The price represents an 18.28% premium to C$0.465, the Feb. 11 closing share price.
Proceeds will be used for exploration.
The resource exploration company is based in Calgary, Alta.
| Issuer: | Northern Tiger Resources Inc.
|
| Issue: | Flow-through common stock
|
| Amount: | C$2,997,500
|
| Shares: | 5.45 million
|
| Price: | C$0.55
|
| Warrants: | No
|
| Agent: | Casimir Capital Ltd.
|
| Pricing date: | Feb. 14
|
| Stock symbol: | TSX Venture: NTR
|
| Stock price: | C$0.47 at close Feb. 14
|
| Market capitalization: | C$29.78 million
|
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