By Sheri Kasprzak
New York, Dec. 19 - Ashton Mining of Canada Inc. has completed two private placements totaling C$9,224,670.
In the first offering, the company issued 3.46 million flow-through shares at C$1.30 each.
That deal was placed through a syndicate of agents led by Canaccord Capital Corp. and including Dundee Securities Corp.
In a separate non-brokered deal, the company sold 3,635,900 flow-through shares at C$1.30 each. QIT-Fer et Titane Inc. bought 3.46 million of the shares.
Proceeds will be used for exploration on the company's diamond projects in Quebec and elsewhere in Canada.
The brokered deal was first announced Nov. 28 under the same terms.
Based in Vancouver, B.C., Ashton is a diamond acquisition and exploration company.
| Issuer: | Ashton Mining of Canada Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$9,224,670
|
| Shares: | 7,095,900
|
| Price: | C$1.30
|
| Warrants: | No
|
| Placement agents: | Canaccord Capital Corp. (lead); Dundee Securities Corp. (for 3.46 million shares)
|
| Investor: | QIT-Fer et Titane Inc. (for 3.46 million shares)
|
| Pricing date: | Nov. 24
|
| Settlement date: | Dec. 19
|
| Stock price: | C$1.11 at close Nov. 24
|
| Stock price: | C$1.28 at close Dec. 19
|
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