By Devika Patel
Knoxville, Tenn., April 9 - Rodinia Minerals Inc. said it has arranged a C$2 million non-brokered private placement of stock.
The company will sell the common shares at C$0.50 apiece.
Proceeds will be used to continue development of key projects and for working capital purposes.
Based in Vancouver, B.C., Rodinia is a mineral exploration company.
| Issuer: | Rodinia Minerals Inc.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | April 9
|
| Stock symbol: | TSX Venture: RM
|
| Stock price: | C$0.54 at close April 8
|
| Market capitalization: | C$19.1 million
|
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