Offering finances exploration activities and working capital purposes
By Devika Patel
Knoxville, Tenn., May 1 - Thor Explorations Ltd. said it took in C$1.55 million in a non-brokered private placement of stock. The deal priced for C$1.6 million on Tuesday.
The company sold 9,713,583 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 purposes.
Thor is a gold explorer based in Vancouver, B.C.
| Issuer: | Thor Explorations Ltd.
|
| Issue: | Common shares
|
| Amount: | C$1,554,173
|
| Shares: | 9,713,583
|
| Price: | C$0.16
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | April 30
|
| Settlement date: | May 1
|
| Stock symbol: | TSX Venture: THX
|
| Stock price: | C$0.10 at close April 29
|
| Market capitalization: | C$4.88 million
|
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