By Devika Patel
Knoxville, Tenn., May 12 - Tenajon Resources Corp. said it completed a C$4.13 million private placement of stock. The deal priced for C$3.03 million with a C$1.1 million greenshoe on April 29.
The company sold 7.5 million flow-through common shares at C$0.55 apiece on a bought-deal basis. Of the shares sold, 2 million were part of the fully exercised greenshoe.
The deal was conducted by a syndicate of underwriters led by Canaccord Capital Corp. and including Blackmont Capital Inc. and Dundee Securities Corp.
Proceeds will be used for exploration.
Vancouver, B.C.-based Tenajon is a mineral exploration company.
| Issuer: | Tenajon Resources Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$4,125,000 (including C$1.1 million greenshoe)
|
| Shares: | 7.5 million
|
| Price: | C$0.55
|
| Warrants: | No
|
| Underwriters: | Canaccord Capital Corp. (lead), Blackmont Capital Inc., Dundee Securities Corp.
|
| Pricing date: | April 29
|
| Settlement date: | May 12
|
| Stock symbol: | TSX Venture: TJS
|
| Stock price: | C$0.455 at close April 28
|
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