New York, Jan. 8 - Esperanza Silver Corp. said it priced a C$13.14 million private placement of units.
Haywood Securities Inc. and Blackmont Capital Inc. are joint bookrunners for the sale.
Esperanza will sell 3.6 million units at C$3.65 each. Each unit is made up of one share and half a share purchase warrant at C$4.35 for two years.
The deal was a greenshoe for 510,000 units, which could raise the sale to C$15.0015 million.
Silver Standard Resources Inc. will buy 999,600 units in the offering.
Esperanza will use proceeds to advance its San Luis gold and silver mine in Peru and for working capital.
The company is a Vancouver, B.C.-based explorer focused on previous metals.
| Issuer: | Esperanza Silver Corp.
|
| Issue: | Units of stock and 0.5 warrants
|
| Amount: | C$13.14 million
|
| Units: | 3.6 million
|
| Greenshoe: | 510,000
|
| Price: | C$3.65
|
| Warrants: | 0.5 per unit
|
| Warrant strike price: | C$4.35
|
| Warrant term: | 2 years
|
| Bookrunners: | Haywood Securities Inc., Blackmont Capital Inc.
|
| Pricing date: | Jan. 8
|
| Stock symbol: | TSX Venture: EPZ
|
| Stock price: | C$4.03
|
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