Units of one common share, one two-year warrant sold at $0.45 per unit
By Devika Patel
Knoxville, Tenn., April 17 - Red Metal Resources Ltd. completed a $120,301 private placement of units with Amir Vahabzadeh and Jonathan Davidson on April 12, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 267,335 units of one common share and one warrant at $0.45 per unit. Each whole warrant is exercisable at $0.65 for two years. The strike price is a 47.73% premium to the April 11 closing share price of $0.44.
The Thunder Bay, Ont., company explores for copper and gold.
| Issuer: | Red Metal Resources Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $120,301
|
| Units: | 267,335
|
| Price: | $0.45
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.65
|
| Investors: | Amir Vahabzadeh and Jonathan Davidson
|
| Settlement date: | April 12
|
| Stock symbol: | OTCBB: RMES
|
| Stock price: | $0.44 at close April 11
|
| Market capitalization: | $6.72 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.
