By Devika Patel
Knoxville, Tenn., Dec. 9 - Prophecy Resource Corp. said it plans a C$1.8 million non-brokered private placement of units.
The company will sell 6 million units at C$0.30 apiece. Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$0.40 for two years.
The base and precious metal explorer is based in Vancouver, B.C.
| Issuer: | Prophecy Resource Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.8 million
|
| Units: | 6 million
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 9
|
| Stock symbol: | TSX Venture: PCY
|
| Stock price: | C$0.395 at close Dec. 8
|
| Market capitalization: | C$4.22 million
|
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