Non-brokered deal offers units with one-year warrants at C$0.10 apiece
By Devika Patel
Knoxville, Tenn., Sept. 23 - Regal Resources Inc. said it has arranged a C$1 million non-brokered private placement of units.
The company will sell 10 million units of one common share and one half-share warrant at C$0.10 per unit.
Each whole warrant will be exercisable at C$0.20 for one year. The strike price is a 122.22% premium to C$0.09, the Sept. 20 closing share price.
Proceeds will be used for a drill program on the company's Patagonia (Sunnyside) Project and for general corporate purposes.
Regal Resources is a copper exploration company based in Vancouver, B.C.
Issuer: | Regal Resources Inc.
|
Issue: | Units of one common share and one half-share warrant
|
Amount: | C$1 million
|
Units: | 10 million
|
Price: | C$0.10
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | One year
|
Warrant strike price: | C$0.20
|
Agent: | Non-brokered
|
Pricing date: | Sept. 23
|
Stock symbol: | CNSX: RGR
|
Stock price: | C$0.09 at close Sept. 20
|
© 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.