Non-brokered offering slated to finance general corporate purposes
By Devika Patel
Knoxville, Tenn., July 8 – Abitibi Royalties Inc. said it plans a C$2 million non-brokered private placement of stock with Rob McEwen.
The company will sell 800,000 common shares at C$2.50 apiece, which is identical to the July 7 closing share price.
Proceeds will be used for general corporate purposes.
The Val-Dor, Quebec, company owns and manages royalties.
| Issuer: | Abitibi Royalties Inc.
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| Issue: | Common shares
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| Amount: | C$2 million
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| Shares: | 800,000
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| Price: | C$2.50
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| Warrants: | No
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| Agent: | Non-brokered
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| Investor: | Rob McEwen
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| Pricing date: | July 8
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| Stock symbol: | TSX Venture: RZZ
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| Stock price: | C$2.50 at close July 7
|
| Market capitalization: | C$23.06 million
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