By Laura Lutz
Des Moines, July 10 - Pencari Mining Corp. closed a C$1.1 million private placement of units.
The company sold 2 million units of one share and one half-share non-transferable warrant at C$0.55 per unit. Each whole warrant will be exercisable at C$0.75 until Jan. 9, 2009.
The placement was non-brokered.
Pencari is an exploration and development company based in Vancouver, B.C.
| Issuer: | Pencari Mining Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.1 million
|
| Units: | 2 million
|
| Price: | C$0.55
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Jan. 9, 2009
|
| Warrant strike price: | C$0.75
|
| Agent: | Non-brokered
|
| Pricing date: | June 22
|
| Settlement date: | July 10
|
| Stock symbol: | TSX Venture: PMC
|
| Stock price: | C$0.65 at close June 22
|
| Stock price: | C$0.60 at close July 10
|
© 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.
