By Sheri Kasprzak
New York, March 30 - Rampart Ventures Ltd. has settled the last tranche of a C$5.3 million private placement for C$2.3 million.
The company sold 9.2 million units in the most recent tranche at C$0.25 each.
The units include one share and one warrant with each warrant exercisable at C$0.35 for one year.
The first tranche of the non-brokered deal, for 12 million units, closed on March 7.
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$2.3 million
|
| Units: | 9.2 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.35
|
| Placement agent: | Non-brokered
|
| Settlement date: | March 29
|
| Stock symbol: | TSX Venture: RPT
|
| Stock price: | C$0.44 at close March 29
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
