Deal funds Island Copper-Gold Project; agent has C$300,000 greenshoe
By Devika Patel
Knoxville, Tenn., Feb. 8 - Northisle Copper and Gold Inc. said it will conduct a C$1.5 million private placement of stock. Salman Partners Inc. is the lead agent and has a C$300,000 greenshoe.
The company will sell flow-through common shares at C$0.35 apiece, a 2.94% premium to C$0.34, the Feb. 7 closing share price.
Settlement is expected Feb. 29.
Proceeds will be used for the Island Copper-Gold Project.
Northisle is a copper and gold exploration company based in Vancouver, B.C.
| Issuer: | Northisle Copper and Gold Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1.5 million
|
| Greenshoe: | C$300,000
|
| Price: | C$0.35
|
| Warrants: | No
|
| Agent: | Salman Partners Inc. (lead)
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 29
|
| Stock symbol: | TSX Venture: NCX
|
| Stock price: | C$0.34 at close Feb. 7
|
| Market capitalization: | C$13.95 million
|
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