Compagnie Francaise de Mines et Metaux invests in non-brokered deal
By Devika Patel
Knoxville, Tenn., Jan. 4 - Tournigan Energy Ltd. said it completed a C$1 million non-brokered private placement of units.
The company sold 14,285,714 units of one common share and one warrant at C$0.07 per unit to Compagnie Francaise de Mines et Metaux.
The warrants are each exercisable at C$0.20 for three years. The strike price reflects a 150% premium to the Jan. 3 closing share price of C$0.08.
The uranium exploration company is based in White Rock, B.C.
| Issuer: | Tournigan Energy Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 14,285,714
|
| Price: | C$0.07
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Investor: | Compagnie Francaise de Mines et Metaux
|
| Settlement date: | Jan. 4
|
| Stock symbol: | TSX Venture: TVC
|
| Stock price: | C$0.08 at close Jan. 3
|
| Market capitalization: | C$15.5 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.
