By Sheri Kasprzak
New York, May 11 - Red Sky Resources Inc. wrapped a $2 million private placement with four foreign investors.
The investors bought 2 million units of one share and two warrants.
One of the warrants is exercisable at $1.25 each and the other is exercisable at $1.50 each. Both warrants expire on May 11, 2008.
Vancouver, B.C.-based Red Sky is a mineral exploration company.
| Issuer: | Red Sky Resources Inc.
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| Issue: | Units of one share and two warrants
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| Amount: | $2 million
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| Units: | 2 million
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| Price: | $1.00
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| Warrants: | Two warrants per unit
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| Warrant expiration: | May 11, 2008
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| Warrant strike price: | $1.25 for one warrant; $1.50 for one warrant
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| Settlement date: | May 11
|
| Stock symbol: | OTCBB: RDSK
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| Stock price: | $2.30 at close May 11
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