By Laura Lutz
Des Moines, April 19 - Augyva Mining Resources Inc. closed a private placement of units for C$1 million.
The company sold 2 million units of one share and one half-share warrant at C$0.50 per unit. Each whole warrant will be exercisable at C$0.75 until April 19, 2008.
Expiry of the warrants may be accelerated to 20 days if the weighted average trading price of the company's shares is at least C$0.95 for 20 consecutive days.
Georges-Yvan Gagnon, president and chief executive officer of the company, bought 350,000 of the units.
Proceeds will be used to advance the company's projects and for working capital.
Augyva is a mining company based in La Macaza, Quebec.
| Issuer: | Augyva Mining Resources Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 2 million
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant
|
| Warrant expiration: | April 19, 2008
|
| Warrant strike price: | C$0.75
|
| Investor: | Georges-Yvan Gagnon (for 350,000 shares)
|
| Settlement date: | April 19
|
| Stock symbol: | TSX Venture: AUV
|
| Stock price: | C$0.60 at close April 19
|
© 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.
