By Sheri Kasprzak
New York, June 12 - Crowflight Minerals Inc. priced a C$5.4 million private placement.
The offering includes up to 18 million flow-through shares at C$0.30 each.
A syndicate of agents led by Orion Securities Inc. and including MGI Securities Inc. and Raymond James Ltd. has a greenshoe for up to 2 million flow-through shares.
The proceeds will be used for exploration and development on the company's Bucko nickel project.
The deal is scheduled to close June 21.
Toronto-based Crowflight is a mineral exploration company focused on nickel, copper, and platinum group minerals.
Issuer: | Crowflight Minerals Inc.
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Issue: | Flow-through shares
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Amount: | C$5.4 million
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Shares: | 18 million
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Greenshoe: | For 2 million shares
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Price: | C$0.30
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Warrants: | No
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Placement agents: | Orion Securities Inc. (lead), MGI Securities Inc., Raymond James Ltd.
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Pricing date: | June 12
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Settlement date: | June 21
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Stock symbol: | TSX Venture: CML
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Stock price: | C$0.24 at close June 12
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