By Sheri Kasprzak
Atlanta, March 24 - Resource Holdings & Investments Inc. said it has closed the final C$1,642,500 tranche of its C$7 million private placement.
The company sold 1,314,000 subscription receipts at C$1.25 each in the second tranche.
The receipts are exchangeable for one share and one half-share warrant. The full warrants allow for an additional share at C$1.35 each for 18 months.
The company sold 4,286,000 receipts in the first tranche.
Haywood Securities Inc. and Lowen, Ondaatje, McCutcehon Ltd. were the placement agents.
Based in Toronto, Resource Holdings owns mineral properties in Brazil.
| Issuer: | Resource Holdings & Investments Inc.
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| Issue: | Subscription receipts exchangeable for one share and one half-share warrant
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| Amount: | C$7 million
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| Receipts: | 5.6 million
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| Price: | C$1.25
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| Warrants: | One half-share warrant per receipt
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$1.35
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| Placement agents: | Haywood Securities Inc. and Lowen, Ondaatje, McCutcheon Ltd.
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| Settlement date: | March 24
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