By Sheri Kasprzak
New York, April 13 - Rampart Ventures Ltd. has settled its previously announced private placement for C$3.3 million.
The company issued 5.5 million units of one share and one warrant at C$0.30 each and 5.5 million flow-through shares at C$0.30 each.
The warrants associated with the units are exercisable at C$0.40 each for one year.
Canaccord Adams Inc. was the placement agent.
The deal priced March 16 as a C$3 million offering of 5 million shares and 5 million units.
Proceeds from the deal 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.
| Issuer: | Rampart Ventures Ltd.
|
| Issue: | Flow-through shares and units of one share and one warrant
|
| Amount: | C$3.3 million
|
| Placement agent: | Canaccord Adams Inc.
|
| Pricing date: | March 16
|
| Settlement date: | April 12
|
| Stock symbol: | TSX Venture: RPT
|
| Stock price: | C$0.47 at close March 16
|
| Stock price: | C$0.48 at close April 12
|
|
|
| Flow-through shares
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| Shares: | 5.5 million
|
| Price: | C$0.30
|
| Warrants: | No
|
|
|
| Units
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| Units: | 5.5 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
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