By Laura Lutz
Des Moines, March 27 - Nuinsco Resources Ltd. arranged a private placement of flow-through shares for C$5 million.
The company plans to sell 8,620,690 flow-through shares at C$0.58 each.
The underwriter, Raymond James Ltd., has a greenshoe for up to 1,724,138 flow-through shares for additional proceeds of up to C$1 million.
Settlement is expected on April 12.
Proceeds will be used for exploration on the company's uranium and gold projects.
Based in Toronto, Nuinsco is a mineral exploration company focused on nickel, uranium, copper, zinc and gold.
| Issuer: | Nuinsco Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$5 million
|
| Shares: | 8,620,690
|
| Greenshoe: | For up to 1,724,138 shares
|
| Price: | C$0.58
|
| Warrants: | No
|
| Underwriter: | Raymond James Ltd.
|
| Pricing date: | March 27
|
| Settlement date: | April 12
|
| Stock symbol: | Toronto: NWI
|
| Stock price: | C$0.485 at close March 27
|
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