Non-brokered deal funds advancement of company's Guyana Gold Projects
By Devika Patel
Knoxville, Tenn., July 13 - Takara Resources Inc. said it plans a C$3 million non-brokered private placement of units.
The company will sell units of one common share and one warrant at C$0.15 per unit.
Each warrant is exercisable at C$0.18 for seven months. The strike price is a 20% premium to the July 12 closing share price of C$0.15.
Settlement is expected July 29.
Proceeds will be used for working capital and to advance the Guyana Gold Projects.
Based in Toronto, Takara is a gold explorer.
| Issuer: | Takara Resources Inc.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$3 million
|
| Price: | C$0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Seven months
|
| Warrant strike price: | C$0.18
|
| Agent: | Non-brokered
|
| Pricing date: | July 13
|
| Settlement date: | July 29
|
| Stock symbol: | TSX Venture: TKK
|
| Stock price: | C$0.15 at close July 12
|
| Market capitalization: | C$13.75 million
|
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