By Laura Lutz
Des Moines, May 22 - Reservoir Capital Corp. arranged a private placement of units for C$2 million.
The company plans to sell 2.5 million units of one share and one half-share non-transferable warrant at C$0.80 per unit. Each whole warrant will be exercisable at C$1.10 for two years.
The placement will be non-brokered.
Reservoir is a natural resource company based in Vancouver, B.C.
Issuer: | Reservoir Capital Corp.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$2 million
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Units: | 2.5 million
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Price: | C$0.80
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$1.10
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Agent: | Non-brokered
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Pricing date: | May 22
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Stock symbol: | TSX Venture: REO
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Stock price: | C$0.86 at close May 22
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