Offering finances exploration activities and working capital
By Devika Patel
Knoxville, Tenn., April 30 - Thor Explorations Ltd. said it will raise C$1.6 million in a non-brokered private placement of stock.
The company will sell 10 million common shares at C$0.16 per share. The price per share is a 60% premium to the April 29 closing share price of C$0.10.
Proceeds will be used for exploration activities and working capital.
Thor is a gold explorer based in Vancouver, B.C.
Issuer: | Thor Explorations Ltd.
|
Issue: | Common shares
|
Amount: | C$1.6 million
|
Shares: | 10 million
|
Price: | C$0.16
|
Warrants: | No
|
Agent: | Non-brokered
|
Pricing date: | April 30
|
Stock symbol: | TSX Venture: LNE
|
Stock price: | C$0.10 at close April 29
|
Market capitalization: | C$4.88 million
|
© 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.