Canadian gold explorer sells 8 million equity units at C$0.35 per unit
By Devika Patel
Knoxville, Tenn., June 29 - Redstar Gold Corp. said it will take in C$2.8 million in a non-brokered private placement of units.
The company will sell 8 million units of one common share and one half-share warrant at C$0.35 apiece.
Each whole warrant will be exercisable at C$0.60 for two years. The strike price represents a 55.84% premium to the C$0.385 closing share price on June 28.
Redstar is a gold exploration company based in Vancouver, B.C.
| Issuer: | Redstar Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2.8 million
|
| Units: | 8 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Agent: | Non-brokered
|
| Pricing date: | June 29
|
| Stock symbol: | TSX Venture: RGC
|
| Stock price: | C$0.385 at close June 28
|
| Market capitalization: | C$20.73 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.
