By Susanna Moon
Chicago, July 19 - Staccato Gold Resources Ltd. said it closed a slightly upsized private placement of units for C$10,363,470.
The company sold 29,609,916 units of one share and one warrant at C$0.35 per unit. Each warrant is exercisable at C$0.50 for two years.
Expiry of the warrants may be accelerated if the company's shares trade at or above C$0.70 for 10 consecutive days.
Staccato priced the issue on June 19 at up to C$10 million.
The placement was non-brokered.
Proceeds will be used for exploration and development and for general corporate purposes.
Staccato is a resource exploration company based in Vancouver, B.C.
| Issuer: | Staccato Gold Resources Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$10,363,470
|
| Units: | 29,609,916
|
| Price: | C$0.35
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | June 19
|
| Settlement date: | July 19
|
| Stock symbol: | TSX Venture: CAT
|
| Stock price: | C$0.37 at close June 19
|
| Stock price: | C$0.48 at close July 18
|
© 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.
