By Devika Patel
Knoxville, Tenn., Dec. 11 - Terra Ventures Inc. said it will conduct a C$2 million private placement of stock.
The company will sell 2,666,700 flow-through common shares at C$0.75 apiece.
The financing was arranged with a syndicate of underwriters led by Canaccord Capital Corp. and including J. F. Mackie & Co. The agents have a C$400,000 greenshoe.
Proceeds will be used for exploration.
Based in Vancouver, B.C., Terra Ventures is a junior exploration company focused on acquiring and developing quality uranium projects.
| Issuer: | Terra Ventures Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2,000,025
|
| Greenshoe: | C$400,000
|
| Shares: | 2,666,700
|
| Price: | C$0.75
|
| Warrants: | No
|
| Agents: | Canaccord Capital Corp. (lead), J. F. Mackie & Co.
|
| Pricing date: | Dec. 11
|
| Stock symbol: | TSX Venture: TAS
|
| Stock price: | C$0.58 at close Dec. 11
|
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