By Sheri Kasprzak
New York, Aug. 5 - Redhawk Resources, Inc. said it plans to raise C$2.55 million in a private placement of units.
The offering includes 17 million units at C$0.15 each.
The units are comprised of one share and one warrant. The warrants allow for the purchase of an additional share at C$0.30 each for two years.
Proceeds will be used to acquire the Copper Creek property, a copper project in Arizona. The acquisition is expected to cost C$1.6 million.
The proceeds not used to pay for the acquisition will be used for exploration and other activities on the property.
Based in Vancouver, B.C., Redhawk is a mineral exploration company.
| Issuer: | Redhawk Resources, Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2.55 million
|
| Units: | 17 million
|
| Price: | C$0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Pricing date: | Aug. 4
|
| Stock price: | C$0.19 at close Aug. 4
|
|
|
© 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.
