By Sheri Kasprzak
New York, April 19 - Royal Standard Minerals Inc. said it has increased the size of its previously announced private placement to C$15 million from C$11 million.
The non-brokered deal now includes up to 13,043,478 units at C$1.15 each, a 25.8% discount to the company's C$1.55 closing stock price from April 7.
The units consist of one share and one half-share warrant with each whole warrant exercisable at C$1.75 for two years.
The deal priced on April 10 as an C$11 million offering of up to 9,565,217 units.
Based in Manhattan, Nev., Royal Standard is a mineral exploration company.
| Issuer: | Royal Standard Minerals Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$15 million (maximum)
|
| Units: | 13,043,478 (maximum)
|
| Price: | C$1.15
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.75
|
| Placement agent: | Non-brokered
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| Pricing date: | April 10
|
| Upsized: | April 19
|
| Stock symbol: | TSX Venture: RSM
|
| Stock price: | C$1.55 at close April 10
|
| Stock price: | C$1.50 at close April 18
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