By Sheri Kasprzak
Atlanta, March 7 - Soho Resources Corp. said it has wrapped a private placement of units for C$1.5 million.
The company sold a total of 3 million units at C$0.50 each, including 1 million units sold as part of an over-allotment option.
The units included one share and one half-share warrant. The whole warrants provide for an additional share at C$0.60 each for two years.
Haywood Securities Inc. was the placement agent.
Based in Vancouver, B.C., Soho is a gold and precious metals mining and exploration company. The proceeds from the private placement will be used for the development of the company's Tahuehueto Poly-Metallic project in Mexico and for working capital.
| Issuer: | Soho Resources Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.5 million
|
| Units: | 3 million (includes greenshoe for 1 million)
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Placement agent: | Haywood Securities Inc.
|
| Pricing date: | Feb. 14
|
| Settlement date: | March 4
|
| Stock price: | C$0.55 at close Feb. 14
|
| Stock price: | C$0.55 at close March 4
|
|
|
© 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.
