By Sheri Kasprzak
New York, April 20 - Northwestern Mineral Ventures Inc. said it has amended the terms of warrants connected to its previously announced C$15 million private placement.
The warrants will now be exercisable at C$1.15 each for two years, moved back from 18 months.
As previously announced, the company plans to sell 17,647,059 units of one share and one half-share warrant at C$0.85 each.
A syndicate of agents led by Westwind Partners Inc. and Toll Cross Securities Inc. and including Blackmont Capital Inc. has a greenshoe for up to 5,882,353 units exercisable for 30 days after the deal closes.
The deal priced on April 7.
Proceeds will be used for exploration on the company's properties in Niger, Canada and Mexico.
Based in Toronto, Northwestern is a mineral exploration company.
| Issuer: | Northwestern Mineral Ventures Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$15 million
|
| Units: | 17,647,059
|
| Greenshoe: | For up to 5,882,353 units
|
| Price: | C$0.85
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.15
|
| Placement agents: | Westwind Partners Inc. (lead), Toll Cross Securities Inc. (lead), Blackmont Capital Inc.
|
| Pricing date: | April 7
|
| Warrants amended: | April 20
|
| Settlement date: | May 4
|
| Stock symbol: | TSX Venture: NWT
|
| Stock price: | C$1.02 at close April 7
|
| Stock price: | C$0.97 at close April 19
|
|
|
© 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.
