By Sheri Kasprzak
New York, May 1 - Royal Standard Minerals Inc. has wrapped its previously announced private placement for $14,922,362.
The company sold 12,975,967 units at C$1.15 apiece.
The units consist of one share and one half-share warrant, with each whole warrant exercisable at C$1.75 for two years.
The non-brokered offering priced on April 10 as a C$11 million deal and was upsized to C$15 million on April 19.
Based in Manhattan, Nev., Royal Standard is a mineral exploration company.
Issuer: | Royal Standard Minerals Inc.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$14,922,362
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Units: | 12,975,967
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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
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Placement agent: | Non-brokered
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Pricing date: | April 10
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Upsized: | April 19
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Settlement date: | May 1
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Stock symbol: | TSX Venture: RSM
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Stock price: | C$1.55 at close April 10
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Stock price: | C$1.50 at close April 18
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Stock price: | C$1.49 at close April 28
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