By Sheri Kasprzak
New York, Dec. 16 - BrazMin Corp. said it has completed its previously announced non-brokered private placement for C$3,499,997.
The company issued 2,592,591 units at C$1.35 each to a group of resources investors that included Macquarie Bank Ltd.
The units include one share and one half-share warrant. The whole warrants are exercisable at C$1.70 each through Dec. 15, 2006.
The deal was first announced Dec. 7 as a C$3 million offering of 2,222,222 units under the same terms.
Proceeds will be used for exploration on the company's Sao Jorge project in Brazil. The rest will be used for other exploration and for general corporate purposes.
Based in Tortola, British Virgin Islands, BrazMin is a gold exploration company.
| Issuer: | BrazMin Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3,499,997
|
| Units: | 2,592,591
|
| Price: | C$1.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.70
|
| Placement agent: | Non-brokered
|
| Investors: | Macquarie Bank Ltd., other resources investors
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 16
|
| Stock price: | C$1.43 at close Dec. 7
|
| Stock price: | C$1.80 at close Dec. 16
|
|
|
© 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.
