By Laura Lutz
Des Moines, April 16 - Nuinsco Resources Ltd. settled its previously announced private placement of flow-through shares for C$6 million, including a fully exercised greenshoe for C$1 million.
In total, the company sold 10,344,828 flow-through shares at C$0.58 each.
The deal priced on March 27 as a C$5 million offering of 8,620,690 flow-through shares.
The underwriter, Raymond James Ltd., had a greenshoe for up to 1,724,138 flow-through shares.
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$6 million
|
| Shares: | 10,344,828 (includes 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 16
|
| Stock symbol: | Toronto: NWI
|
| Stock price: | C$0.485 at close March 27
|
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