By Devika Patel
Knoxville, Tenn., June 17 - Stealth Ventures Ltd. said it plans a C$3 million non-brokered private placement of units.
The company will sell 30 million units at C$0.10 apiece. Each unit consists of one common share and one half-share warrant, with each whole two-year warrant exercisable at C$0.25.
Proceeds will be used for working capital.
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$3 million
|
| Units: | 30 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Pricing date: | June 17
|
| Stock symbol: | TSX Venture: SLV
|
| Stock price: | C$0.11 at close June 16
|
| Market capitalization: | C$9.95 million
|
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