By Devika Patel
Knoxville, Tenn., Dec. 1 - UC Resources Ltd. said it has arranged a C$1 million non-brokered private placement of units. The deal priced Friday.
The company will sell up to 10 million units at C$0.10 apiece to MineralFields Group. Each unit consists of one flow-through common share and one half-share warrant. Each warrant is exercisable at C$0.20 for two years.
Based in Vancouver, B.C., UC Resources is a base and precious metals company.
| Issuer: | UC Resources Ltd.
|
| Issue: | Units of one flow-through common share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Investor: | MineralFields Group
|
| Pricing date: | Nov. 28
|
| Stock symbol: | TSX Venture: UC
|
| Stock price: | C$0.10 at close Nov. 28
|
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