Non-brokered offering sells 11.1 million shares at C$0.45 to Waterton
By Devika Patel
Knoxville, Tenn., Oct. 8 – Goldrock Mines Corp. said it will conduct a C$5 million non-brokered private placement of stock with Waterton Precious Metals Fund II Cayman, LP.
The company will sell 11.1 million common shares at C$0.45 apiece, a 50% premium to the Oct. 7 closing share price of C$0.30.
Goldrock also said it plans to acquire all of Chaparral Gold Corp.’s outstanding common shares at C$0.61 per share in cash for a total of about C$73.4 million.
The copper, gold and diamond explorer is based in Vancouver, B.C.
| Issuer: | Goldrock Mines Corp.
|
| Issue: | Common stock
|
| Amount: | C$4,995,000
|
| Shares: | 11.1 million
|
| Price: | C$0.45
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Waterton Precious Metals Fund II Cayman, LP
|
| Pricing date: | Oct. 8
|
| Stock symbol: | TSX Venture: GRM
|
| Stock price: | C$0.30 at close Oct. 7
|
| Market capitalization: | C$23.69 million
|
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