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