By Devika Patel
Knoxville, Tenn., Dec. 17 - Rocher Deboule Minerals Corp. said it has arranged a C$1.5 million private placement of units.
The company will sell up to 3.34 million units at C$0.45 apiece. The units consist of one common share and one transferable warrant. Each two-year warrant will be exercisable at C$0.90.
Haywood Securities Inc. is the agent. The company has agreed to pay Haywood a 6% cash commission and will issue a number of agent's warrants equal to 10% of the number of units sold. Each agent's warrant will be exercisable for one unit with the same terms as those in the offering.
Based in Vancouver, B.C., Rocher is an exploration and development company focusing on mineral properties and commodities used in the steel manufacturing industry.
| Issuer: | Rocher Deboule Minerals Corp.
|
| Issue: | Units of one common share and one transferable warrant
|
| Amount: | C$1,503,000
|
| Units: | 3.34 million
|
| Price: | C$0.45
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.90
|
| Agent: | Haywood Securities Inc.
|
| Fees: | 6% in cash, 10% in warrants
|
| Pricing date: | Dec. 17
|
| Stock symbol: | NEX: RD.H
|
| Stock price: | C$0.44 at close Dec. 17
|
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