E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/10/2006 in the Prospect News PIPE Daily.

New Issue: Richmond Minerals wraps C$1.09 million private placement of units, stock

By Sheri Kasprzak

New York, April 10 - Richmond Minerals Inc. said it settled a C$1,094,730 PIPE.

The company sold 6,912,339 units at C$0.12 each and 1,768,333 shares, of which 1,591,500 are flow-through, at C$0.15 each.

The units are comprised of one share and one warrant, with each warrant exercisable at C$0.25 for two years.

The deal was non-brokered.

Based in Vancouver, B.C., Richmond is a mineral exploration company.

Issuer:Richmond Minerals Inc.
Issue:Flow-through and non flow-through shares and units of one share and one warrant
Amount:C$1,094,730
Placement agent:Non-brokered
Settlement date:April 10
Stock symbol:TSX Venture: RMD
Stock price:C$0.16 at close April 10
Units
Units:6,912,339
Price:C$0.12
Warrants:One warrant per unit
Warrant expiration:Two years
Warrant strike price:C$0.25
Shares
Shares:1,768,333 (1,591,500 are flow-through)
Price:C$0.15
Warrants:No

© 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.