Non-brokered deal at C$0.24 per unit will fund general working capital
By Devika Patel
Knoxville, Tenn., Jan. 8 – Anthem United Inc. said it increased a non-brokered private placement of units to C$1 million from C$500,000. The deal priced Dec. 10 and raised C$466,000 on Dec. 16.
The company is selling units of one common share and a half-share warrant at C$0.24 per unit. It sold 1,941,666 units in the initial tranche.
The warrants are each exercisable at C$0.35 for five years. The strike price reflects a 45.83% premium to the Dec. 9 closing share price of C$0.24.
Proceeds will be used for general and operating working capital.
The precious metals producer is based in Vancouver, B.C.
| Issuer: | Anthem United Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1 million
|
| Price: | C$0.24
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 10
|
| Upsized: | Jan. 8
|
| Settlement date: | Dec. 16 (for C$466,000)
|
| Stock symbol: | TSX Venture: AFY
|
| Stock price: | C$0.24 at close Dec. 9
|
| Market capitalization: | C$21.04 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.
