By Sheri Kasprzak
New York, Dec. 5 - Yamiri Gold and Energy Inc. said it has wrapped a non-brokered private placement for C$4 million.
The company sold 16 million units at C$0.25 each.
The units include one share and one half-share warrant. The whole warrants allow for the purchase of another share at the lower of C$0.49 each and the post-resumption market price with a C$0.35 floor. The warrants expire in two years.
Yamiri announced on Friday that it has changed its name from Telcoplus Enterprises Inc. Yamiri began trading under the symbol "YGI" Monday.
Based in Vancouver, B.C., Yamiri is a gold exploration company.
| Issuer: | Yamiri Gold and Energy Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$4 million
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| Units: | 16 million
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| Price: | C$0.25
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | The lower of C$0.49 or the post-resumption market price with a C$0.35 floor
|
| Placement agent: | Non-brokered
|
| Settlement date: | Dec. 2
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