Non-brokered deal's proceeds earmarked for district drilling program
By Devika Patel
Knoxville, Tenn., Oct. 4 - Redhawk Resources, Inc. said it plans a C$2.6 million non-brokered private placement of stock. The deal may be increased to C$3 million.
The company will sell 10.4 million common shares at C$0.25 apiece. The price per share is a 19.36% discount to C$0.31, the closing share price on Oct. 3.
Proceeds will be used for a new district drilling program and for working capital.
Based in Vancouver, B.C., Redhawk is a copper explorer.
Issuer: | Redhawk Resources, Inc.
|
Issue: | Common shares
|
Amount: | C$2.6 million
|
Shares: | 10.4 million
|
Price: | C$0.25
|
Warrants: | No
|
Agent: | Non-brokered
|
Pricing date: | Oct. 4
|
Stock symbol: | Toronto: RDK
|
Stock price: | C$0.31 at close Oct. 3
|
Market capitalization: | C$42.65 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.