By Sheri Kasprzak
New York, March 7 - Rampart Ventures Ltd. has priced a C$3 million private placement.
The non-brokered deal includes up to 12 million units of one share and one warrant.
Each warrant is exercisable at C$0.35 for one year.
Proceeds will be used for exploration on the company's uranium properties in the Sibley Basin of Ontario and the Athabasca Basin of Saskatchewan.
Vancouver, B.C.-based Rampart is a uranium exploration company.
| Issuer: | Rampart Ventures Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3 million (maximum)
|
| Units: | 12 million (maximum)
|
| Price: | C$0.25
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.35
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| Placement agent: | Non-brokered
|
| Pricing date: | March 7
|
| Stock symbol: | TSX Venture: RPT
|
| Stock price: | C$0.28 at close March 6
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