By Laura Lutz
Des Moines, May 4 - RPT Uranium Corp. plans to conduct a private placement of units for up to C$8 million.
The company plans to sell up to 20 million units of one share and one warrant at C$0.40 per unit. Each warrant will be exercisable at C$0.60 for one year.
The placement will be non-brokered.
Proceeds will be used for exploration and working capital.
RPT Uranium is a resource exploration company based in Vancouver, B.C.
| Issuer: | RPT Uranium Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$8 million
|
| Units: | 20 million
|
| Price: | C$0.40
|
| Warrants: | One per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.60
|
| Agent: | Non-brokered
|
| Pricing date: | May 4
|
| Stock symbol: | TSX Venture: RPT
|
| Stock price: | C$0.43 at close May 4
|
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