Offering funds exploration on 3Ace property in the southeast Yukon
By Devika Patel
Knoxville, Tenn., Sept. 13 - Northern Tiger Resources Inc. said it plans a C$1.5 million non-brokered private placement of units.
The company will sell units of one class A common share or one flow-through class A common share and a half-share warrant at C$0.12 per unit.
Each whole warrant will be exercisable at C$0.18 for two years. The strike price is a 38.46% premium to the Sept. 12 closing share price of C$0.13.
Proceeds will be used for exploration on Northern Tiger's 3Ace property in the southeast Yukon.
The resource exploration company is based in Calgary, Alta.
| Issuer: | Northern Tiger Resources Inc.
|
| Issue: | Units of one class A common share or one flow-through class A common share and a half-share warrant
|
| Amount: | C$1.5 million
|
| Price: | C$0.12
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.18
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 13
|
| Stock symbol: | TSX Venture: NTR
|
| Stock price: | C$0.13 at close Sept. 12
|
| Market capitalization: | C$12.91 million
|
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