Published on 8/24/2009 in the Prospect News PIPE Daily.
New Issue: UC Resources seals C$1 million private placement of flow-through shares
By Devika Patel
Knoxville, Tenn., Aug. 24 - UC Resources Ltd. said it has settled a C$1 million private placement of stock. The deal priced Aug. 17, and offering was increased to C$1.13 million from C$1 million on Aug. 18.
The company sold 7,692,307 flow-through common shares at C$0.13 per share to MineralFields Group.
Based in Vancouver, B.C., UC Resources is a base and precious metals company.
| Issuer: | UC Resources Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1 million
|
| Shares: | 7,692,307
|
| Price: | C$0.13
|
| Investor: | MineralFields Group
|
| Pricing date: | Aug. 17
|
| Upsized: | Aug. 18
|
| Settlement date: | Aug. 24
|
| Stock symbol: | TSX Venture: UC
|
| Stock price: | C$0.115 at close Aug. 17
|
| Market capitalization: | C$13.8 million
|
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