Deal sells units of 20,000 class A shares, warrants for 20,000 shares
By Devika Patel
Knoxville, Tenn., July 10 - Ressources Minieres Pro-Or Inc. said it plans a C$2.3 million private placement of units.
The company will sell 500 units of 20,000 class A shares and warrants for 20,000 shares at C$4,600.00 per unit.
The one-year warrants will each be exercisable at C$0.35, a 45.83% premium to C$0.24, the July 9 closing share price.
Proceeds will be used to support ongoing operations at the St-Augustin plant with a 50-ton reactor, perform detailed engineering and automation for the four new reactors, purchase long-lead-time components and set up the new plant, as well as for general corporate purposes.
Pro-Or is a mining and exploration company based in Montreal.
| Issuer: | Ressources Minieres Pro-Or Inc.
|
| Issue: | Units of 20,000 class A shares and warrants for 20,000 shares
|
| Amount: | C$2.3 million
|
| Units: | 500
|
| Price: | C$4,600.00
|
| Warrants: | Warrants for 1,944,475 shares per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.35
|
| Pricing date: | July 10
|
| Stock symbol: | TSX Venture: POI
|
| Stock price: | C$0.24 at close July 9
|
| Market capitalization: | C$17.12 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.
