Non-brokered deal funds exploration expenditures on Corongo property
By Devika Patel
Knoxville, Tenn., Nov. 17 - Viper Gold Ltd. said it has arranged a non-brokered private placement of units.
The company will sell 4 million units at C$0.25 apiece for C$1 million. Each unit consists of one common share and one warrant. Each two-year warrant will be exercisable at C$0.40, a 33.33% premium to the Nov. 16 closing share price of C$0.30.
Settlement is expected Dec. 15.
Proceeds will be used for exploration expenditure requirements on the Corongo property in Peru and general working capital.
Viper Gold is a gold exploration company based in Toronto.
| Issuer: | Viper Gold Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 4 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 17
|
| Settlement date: | Dec. 15
|
| Stock symbol: | TSX Venture: VPR
|
| Stock price: | C$0.30 at close Nov. 16
|
| Market capitalization: | C$1.03 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.
