By Devika Patel
Knoxville, Tenn., March 28 - Augyva Mining Resources Inc. announced a C$3.6 million private placement of units.
The company will sell 12 million units of one share, one half-share A warrant and one half-share B warrant at C$0.30 per unit. Each whole A warrant will be exercisable at C$0.45 for one year. Each whole B warrant will be exercisable at C$0.60 for two years.
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, one half-share A warrant and one half-share B warrant
|
| Amount: | C$3.6 million
|
| Units: | 12 million
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year (for A warrants), two years (for B warrants)
|
| Warrant strike price: | C$0.45 (for A warrants), C$0.60 (for B warrants)
|
| Pricing date: | March 28
|
| Stock symbol: | TSX Venture: AUV
|
| Stock price: | C$0.35 at close March 27
|
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