By Sheri Kasprzak
New York, Sept. 28 - Rodinia Minerals Inc. said it has upsized its previously announced private placement to C$2.96 million from C$2.22 million.
The company will now sell up to 4 million units at C$0.74 each.
The units include one share and one warrant. The warrants are exercisable at C$1.10 each for one year.
The offering was first announced Sept. 27 as a C$2.22 million deal comprised of up to 3 million units under the same terms.
Haywood Securities Inc. is the placement agent.
The proceeds will be used for exploration on the Workman Creek uranium deposit in Arizona and for working capital.
Based in Vancouver, B.C., Rodinia is a mineral exploration company.
| Issuer: | Rodinia Minerals Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$2.96 million
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| Units: | 4 million (maximum)
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| Price: | C$0.74
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$1.10
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| Placement agent: | Haywood Securities Inc.
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| Pricing date: | Sept. 27
|
| Upsized: | Sept. 28
|
| Stock price: | C$1.19 at close Sept. 27
|
| Stock price: | C$1.09 at close Sept. 28
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