Non-brokered deal to fund the Moss project, general corporate purposes
By Devika Patel
Knoxville, Tenn., Feb. 26 – Northern Vertex Mining Corp. said it plans a C$2.5 million non-brokered private placement of units.
The company will sell about 7.81 million units of one common share and one warrant at C$0.32 per unit.
Each warrant is exercisable at C$0.50 for three years. The strike price is a 47.06% premium to the Feb. 25 closing share price of C$0.34.
Proceeds will be used to advance the Moss Mine Gold-Silver property and for general corporate purposes.
Based in Vancouver, B.C., Northern Vertex is a gold explorer.
| Issuer: | Northern Vertex Mining Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2.5 million
|
| Units: | 7.81 million (approximate)
|
| Price: | C$0.32
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 26
|
| Stock symbol: | TSX Venture: NEE
|
| Stock price: | C$0.34 at close Feb. 25
|
| Market capitalization: | C$24.07 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
