By Sheri Kasprzak
Atlanta, Dec. 6 - Ashton Mining of Canada Inc. said Monday it has wrapped up an upsized private placement for C$2.875 million.
The company issued 2.5 million flow-through common shares at C$1.15 each. The company also sold, on a non-brokered basis, 200,000 flow-through shares at C$1.15 each for C$230,000.
Dundee Securities Corp. was the placement agent in the offering, which was initially announced Nov. 8 as a C$2.3 million deal. Dundee exercised a greenshoe for an additional 500,000 shares.
Ashton is a Vancouver, B.C.-based diamond exploration company. It plans to use the proceeds from the financing for its exploration projects in Quebec and elsewhere in Canada.
| Issuer: | Ashton Mining of Canada Inc.
|
| Issue: | Flow-through common shares
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| Amount: | C$2.875 million
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| Shares: | 2.5 million
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| Price: | C$1.15
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| Greenshoe: | For 500,000 shares
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| Warrants: | No
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| Placement agent: | Dundee Securities Corp.
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| Announcement date: | Nov. 8
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| Settlement date: | Dec. 6
|
| Stock price: | C$0.83 at close Nov. 8
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| Stock price: | C$0.82 at close Dec. 6
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