By Sheri Kasprzak
Atlanta, Dec. 6 - Roxmark Mines Ltd. said late Friday it has completed the second tranche of a private placement for C$296,400, for a total of C$2,908,200 so far.
Roxmark sold 1,928,333 class B units for C$0.12 each and 433,333 class A units at C$0.15 each.
The class B units are comprised of one share and one warrant. The class B warrants allow for an additional share at C$0.17 through Nov. 29, 2006.
The class A units consist of one flow-through common share and one half-share warrant. The whole class A warrants allow for an additional share at C$0.17 each through Nov. 29, 2005.
The Toronto-based Roxmark Mines is a gold exploration and development company. It plans to use the proceeds from the offering to advance its gold and molybdenum properties in the Geraldton-Beardmore mining camp. The remainder of the funds will be used for general working capital.
| Issuer: | Roxmark Mines Ltd.
|
| Issue: | Class B and class A units
|
| Amount: | C$2,908,200
|
| Announcement date: | Oct. 29
|
| Settlement date: | Dec. 3
|
| Stock price: | C$0.105 at close Dec. 3
|
|
|
| Class B units
|
| Issue: | Class B units of one share and one warrant
|
| Shares: | 1,928,333 units
|
| Price: | C$0.12
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Nov. 29, 2006
|
| Warrant strike price: | C$0.17
|
|
|
| Class A units
|
| Issue: | Class A units of one flow-through share and one half-share warrant
|
| Shares: | 433,333 units
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Nov. 29, 2005
|
| Warrant strike price: | C$0.17
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
