Deal conducted by Global Hunter; proceeds used for smelter equipment
By Devika Patel
Knoxville, Tenn., July 3 - United States Antimony Corp. settled a $725,000 private placement of units on June 28, according to an 8-K filed Wednesday with the Securities and Exchange Commission. Global Hunter Securities LLC was the agent.
The company sold 725,000 units of one common share and a half-share warrant at $1.00 per unit.
The whole warrants are each exercisable at $1.20 for one year. The strike price reflects a 5.51% discount to the June 27 closing share price of $1.27.
Proceeds will be used for smelter equipment at the facilities in Madero, Mexico, and for expenses associated with the lease of the San Jose Antimony mill and mine in San Luis Potosi, Mexico.
United States Antimony produces antimony, silver and gold products. It is based in Thompson Falls, Mont.
| Issuer: | United States Antimony Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $725,000
|
| Units: | 725,000
|
| Price: | $1.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $1.20
|
| Agent: | Global Hunter Securities LLC
|
| Settlement date: | June 28
|
| Stock symbol: | NYSE: UAMY
|
| Stock price: | $1.27 at close June 27
|
| Market capitalization: | $71.18 million
|
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