By Sheri Kasprzak
New York, March 16 - Rampart Ventures Ltd. said it has arranged two private placements totaling C$4.5 million.
The company plans to sell up to 5 million flow-through shares at C$0.30 each and up to 5 million non flow-through units at C$0.30 each in a brokered deal through Canaccord Adams Ltd.
In another non-brokered deal, the company plans to sell 2.5 million flow-through shares at C$0.30 each and 2.5 million units at C$0.30 each.
Each unit includes one share and one warrant with each warrant exercisable for one year at C$0.40.
The offerings are separate from the C$3 million non-brokered deal the company priced on March 6.
Proceeds from the new deals will be used for exploration on the company's uranium properties in Ontario and Saskatchewan.
Vancouver, B.C.-based Rampart is a uranium exploration company.
First issue
| Issuer: | Rampart Ventures Ltd.
|
| Issue: | Flow-through shares and units of one share and one warrant
|
| Amount: | C$3 million
|
| Placement agent: | Canaccord Adams Ltd.
|
| Pricing date: | March 16
|
| Stock symbol: | TSX Venture: RPT
|
| Stock price: | C$0.47 at close March 16
|
|
|
| Flow-through shares
|
| Shares: | 5 million
|
| Price: | C$0.30
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 5 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
|
|
| Second issue
|
| Issuer: | Rampart Ventures Ltd.
|
| Issue: | Flow-through shares and units of one share and one warrant
|
| Amount: | C$1.5 million
|
| Placement agent: | Non-brokered
|
| Pricing date: | March 16
|
| Stock symbol: | TSX Venture: RPT
|
| Stock price: | C$0.47 at close March 16
|
|
|
| Flow-through shares
|
| Shares: | 2.5 million
|
| Price: | C$0.30
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 2.5 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
|
|
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