By Laura Lutz
Des Moines, Aug. 16 - NPN Investment Group Inc. arranged a private placement of units for up to C$1.225 million.
The company plans to sell up to 3.5 million units of one share and one half-share warrant at C$0.35 per unit. Each whole warrant will be exercisable at C$0.45 for two years.
Expiry of the warrants may be accelerated to 30 days if the closing price of the company's shares exceeds C$0.75 for 21 consecutive days.
The placement will be non-brokered.
NPN is a mineral exploration and development company based in Vancouver, B.C.
| Issuer: | NPN Investment Group Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.225 million
|
| Units: | 3.5 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 16
|
| Stock symbol: | TSX Venture: NPN
|
| Stock price: | C$0.355 at close Aug. 15
|
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