By Devika Patel
Knoxville, Tenn., Dec. 8 - Stealth Ventures Ltd. said it has increased a non-brokered private placement of units to C$2.5 million from C$2 million. The deal priced Nov. 19.
The company will now sell 35,658,643 units at C$0.07 apiece. Each unit consists of one common share and one half-share warrant, with each whole two-year warrant exercisable at C$0.15.
Proceeds will be used for working capital purposes, including allowing Stealth to explore potential strategic opportunities in India.
Stealth is a Calgary, Alta., oil and gas company.
| Issuer: | Stealth Ventures Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2,496,105
|
| Units: | 35,658,643
|
| Price: | C$0.07
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 19
|
| Upsized: | Dec. 8
|
| Stock symbol: | TSX Venture: SLV
|
| Stock price: | C$0.08 at close Nov. 18
|
| Market capitalization: | C$9.91 million
|
© 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.
