By Sheri Kasprzak
New York, June 19 - TLC Ventures Corp. arranged a private placement for up to C$4,524,000.
The company intends to sell 8.7 million units at C$0.52 each.
The units are comprised of one share and one half-share warrant. Each whole warrant is exercisable at C$1.00 for 18 months.
The deal is not brokered.
Proceeds will be used for the advancement of the company's gold and base metals project and for potential acquisitions of gold and copper assets. The rest will be used for working capital.
Vancouver, B.C.-based TLC Ventures is a precious and base metals exploration company.
| Issuer: | TLC Ventures Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$4,524,000
|
| Units: | 8.7 million
|
| Price: | C$0.52
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.00
|
| Placement agent: | Non-brokered
|
| Pricing date: | June 19
|
| Stock symbol: | TSX Venture: TLV
|
| Stock price: | C$0.64 at close June 16
|
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