By Devika Patel
Knoxville, Tenn., June 28 - Teslin River Resources Corp. said it has arranged a C$1.1 million non-brokered private placement of units.
The company will sell 12 million flow-through units of one flow-through common share and a half-share warrant at C$0.05 apiece. It also will sell 10 million units of one common share and a warrant at C$0.05 apiece.
Each whole warrant is exercisable at C$0.10 for one year.
Proceeds will be used for working capital.
The copper and gold explorer is based in Vancouver, B.C.
| Issuer: | Teslin River Resources Corp.
|
| Issue: | Flow-through units of one flow-through common share and a half-share warrant, units of one common share and a warrant
|
| Amount: | C$1.1 million
|
| Price: | C$0.05
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | June 28
|
| Stock symbol: | TSX Venture: TLR
|
| Stock price: | C$0.06 at close June 25
|
| Market capitalization: | C$1.63 million
|
|
|
| Flow-through units
|
| Amount: | C$600,000
|
| Units: | 12 million
|
| Warrants: | One half-share warrant per unit
|
|
|
| Units
|
| Amount: | C$500,000
|
| Units: | 10 million
|
| Warrants: | One warrant per unit
|
© 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.
