Company sells 14 million units of one share and one warrant at C$0.25
By Devika Patel
Knoxville, Tenn., Dec. 8 - Red Crescent Resources Ltd. said it will raise C$3.5 million in a non-brokered private placement of units.
The company will sell 14 million units of one common share and one warrant at C$0.25 per unit. Each warrant will be exercisable at C$0.40 for two years.
The strike price is a 45.46% premium to the Dec. 7 closing share price, C$0.275.
Settlement is expected Dec. 16.
Red Crescent is a copper, nickel and gold exploration company based in Toronto.
| Issuer: | Red Crescent Resources Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$3.5 million
|
| Units: | 14 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 16
|
| Stock symbol: | Toronto: RCB
|
| Stock price: | C$0.275 at close on Dec. 7
|
| Market capitalization: | C$25.65 million
|
© 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.
