By Sheri Kasprzak
New York, April 3 - UC Resources Ltd. said it has settled its private placement for C$1,650,800.
The company sold 6,349,230 units at C$0.26 each.
The units consist of one share and one warrant with each warrant exercisable at C$0.34 for 18 months.
The non-brokered deal priced on March 7 as a C$1.04 million offering of 4 million units and was upsized to C$1.56 million on March 17.
Proceeds will be used for exploration on the company's Copalquin project, for acquisitions and for working capital.
Based in Vancouver, B.C., UC Resources is a mineral exploration company focused on properties in Mexico.
| Issuer: | UC Resources Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,650,800
|
| Units: | 6,349,230
|
| Price: | C$0.26
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.34
|
| Placement agent: | Non-brokered
|
| Pricing date: | March 7
|
| Upsized: | March 17
|
| Settlement date: | March 31
|
| Stock symbol: | TSX Venture: UC
|
| Stock price: | C$0.31 at close March 7
|
| Stock price: | C$0.315 at close March 17
|
| Stock price: | C$0.43 at close March 31
|
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