By Devika Patel
Knoxville, Tenn., Aug. 3 - Themac Resources Group Ltd. said it has arranged a private placement of shares via agent D&D Securities Inc. to raise between C$7 million and C$15 million. There is a C$5 million greenshoe.
The company will sell common shares at C$0.50 each on a commercially reasonable efforts basis.
Proceeds will be used to complete the acquisition of the Copper Flat project, development of the Copper Flat project and general working capital.
The natural resource explorer is based in Vancouver, B.C.
| Issuer: | Themac Resources Group Ltd.
|
| Issue: | Common shares
|
| Amount: | C$7 million (minimum), C$15 million (maximum)
|
| Greenshoe: | C$5 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Agent: | D&D Securities Inc.
|
| Pricing date: | Aug. 3
|
| Stock symbol: | TSX Venture: MAC.H
|
| Stock price: | C$0.35 at close Aug. 2
|
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