New York, Aug. 10 - Rampart Ventures Ltd. said it has set terms on a C$1 million private placement of units.
The company will sell 4 million units at a price of C$0.25 per unit.
Each unit will be made up of one common share and one warrant to buy a further share for a year at a price of C$0.40.
The Vancouver, B.C., uranium mining company will use proceeds from the non-brokered offering for exploration expenses.
| Issuer: | Rampart Ventures Ltd.
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| Issue: | Units of stock and warrants
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| Amount: | C$1 million
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| Units: | 4 million
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| Price: | C$0.25
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| Warrants: | For 4 million shares
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| Warrant strike price: | C$0.40
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| Warrant term: | 1 year
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| Pricing date: | Aug. 10
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| Stock price: | C$0.26 at close Aug. 10
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