By Devika Patel
Knoxville, Tenn., Nov. 21 - Probe Resources Ltd. said it has completed a C$2.1 million non-brokered private placement of units.
The company sold 4.2 million units at C$0.50 per unit. Each unit consists of one common share and one warrant. Each warrant is exercisable at C$0.60 for one year.
The company paid a C$52,500 cash finder's fee and issued 98,350 units for this deal.
Proceeds will be used for acquisitions and general working capital.
Probe is a Vancouver, B.C.-based mineral exploration, acquisition and development company.
| Issuer: | Probe Resources Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2.1 million
|
| Units: | 4.2 million
|
| Price: | C$0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.60
|
| Agent: | Non-brokered
|
| Fees: | C$52,500 in cash, 98,350 units
|
| Pricing date: | Nov. 21
|
| Stock symbol: | TSX Venture: PBR
|
| Stock price: | C$0.60 at close Nov. 20
|
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