By Laura Lutz
Washington, March 12 - Calypso Acquisition Corp. closed its slightly downsized private placement of units for C$10 million.
The company sold 15,390,042 units of one share and one warrant at C$0.65 per unit. Each whole warrant will be exercisable at C$0.85 for two years.
Expiry of the warrants may be accelerated to 30 days if the closing price of the company's shares is at least C$1.70 for 30 consecutive trading days at any time more than four months after the warrants are issued.
The deal priced on Feb. 12 as a C$7.8 million offering of up to 12 million units. On Feb. 13, it was upsized to a C$10.01 million offering of 15.4 million units.
PowerOne Capital Markets Ltd. acted as agent for 9,699,077 of the units. The remainder of the offering was non-brokered.
Proceeds will be used for exploration, drilling and working capital.
Calypso is a Vancouver, B.C.-based uranium exploration and development company.
Issuer: | Calypso Acquisition Corp.
|
Issue: | Units of one share and one warrant
|
Amount: | C$10 million
|
Units: | 15,390,042
|
Price: | C$0.65
|
Warrants: | One per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.85
|
Agent: | PowerOne Capital Markets Ltd. (for 9,699,077); non-brokered (for remainder)
|
Pricing date: | Feb. 12
|
Upsized: | Feb. 13
|
Settlement date: | March 12
|
Stock symbol: | TSX Venture: CLP
|
Stock price: | C$0.85 at close Feb. 12
|
Stock price: | C$0.90 at close Feb. 13
|
Stock price: | C$1.04 at close March 9
|
© 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.