By Devika Patel
Knoxville, Tenn., May 3 - Vesta Capital Corp. said it completed a C$9 million private placement of units.
The company sold 45 million units of one common share and one half-share warrant at C$0.20 per unit. Each whole warrant will be exercisable at C$0.40 for two years.
The deal was conducted by a syndicate of agents led by Fraser Mackenzie Ltd. and including Hampton Securities Ltd. and Salman Partners Inc.
Vesta is a Toronto-based capital pool company.
| Issuer: | Vesta Capital Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$9 million
|
| Units: | 45 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Agents: | Fraser Mackenzie Ltd. (lead), Hampton Securities Ltd. and Salman Partners Inc.
|
| Settlement date: | May 3
|
| Stock symbol: | TSX Venture: VES.P
|
| Stock price: | C$0.25 at close May 3
|
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