By Jennifer Chiou
New York, Sept. 4 - Stoneshield Capital Corp. announced plans for a non-brokered private placement to raise up to C$1.2 million through the sale of up to 8 million units at C$0.15 apiece.
Each unit will consist of one common share and one common share purchase warrant.
Each warrant will entitle the holder to purchase one additional common share for 24 months from the closing of the private placement at a price of C$0.20 per share for the first 12 months and C$0.25 for the remaining 12 months.
The company noted that this private placement has been amended from C$1.5 million to control dilution.
Proceeds will be used to fund the proposed work program on the Jefferson property and for general working capital.
Based in Lions Bay, B.C., StoneShield is a capital pool company.
| Issuer: | Stoneshield Capital Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | Up to C$1.2 million
|
| Units: | 8 million
|
| Price: | C$0.15
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20 for the first 12 months; C$0.25 for the remaining 12 months
|
| Announcement date: | Sept. 4
|
| Stock symbol: | TSX Venture: STS.P
|
| Stock price: | C$0.16 at close Dec. 18, 2007
|
© 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.
