Deal has C$4.51 million greenshoe; warrants convert to common shares
By Devika Patel
Knoxville, Tenn., Jan. 19 - Rockgate Capital Corp. said it will conduct a private placement of special warrants. The deal will raise C$30.09 million.
The company will sell 11.8 million special warrants at C$2.55 apiece, a 9.89% discount to the Jan. 18 closing share price of C$2.83.
The special warrants are exercisable into common shares for no additional fee.
The financing will be conducted by a syndicate of underwriters co-led by GMP Securities LP and Dundee Securities Corp. There is a C$4.51 million greenshoe.
Settlement is expected Feb. 8.
Proceeds will be used for exploration and development of the company's Falea Property in Mali, West Africa and for general working capital purposes.
Rockgate is a uranium, silver and copper exploration company in Vancouver, B.C.
| Issuer: | Rockgate Capital Corp.
|
| Issue: | Special warrants
|
| Amount: | C$30.09 million
|
| Greenshoe: | C$4,513,500
|
| Warrants: | 11.8 million
|
| Price: | C$2.55
|
| Underwriters: | GMP Securities LP and Dundee Securities Corp. (co-leads)
|
| Pricing date: | Jan. 19
|
| Settlement date: | Feb. 8
|
| Stock symbol: | Toronto: RGT
|
| Stock price: | C$2.83 at close Jan. 18
|
| Market capitalization: | C$255.74 million
|
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