By Laura Lutz
Des Moines, Aug. 22 - Avion Resources Corp. plans to raise up to C$2.2 million from an offering of units.
The company intends to sell up to 10 million units at C$0.22 apiece.
Each unit will consist of one common share and one warrant. Each warrant will be exercisable at C$0.29 for two years.
The placement will be non-brokered.
Proceeds will be used for corporate and project development and for working capital.
Avion is a mining company based in Toronto.
| Issuer: | Avion Resources Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2.2 million
|
| Units: | 10 million
|
| Price: | C$0.22
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.29
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 22
|
| Stock symbol: | TSX Venture: AVR
|
| Stock price: | C$0.29 at close Aug. 21
|
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