Non-brokered offering raises proceeds for exploration and development
By Devika Patel
Knoxville, Tenn., Oct. 29 - Guyana Precious Metals Inc. said it plans a C$7 million non-brokered private placement of 70 million units of one common share and one warrant at C$0.10 per unit.
Each warrant will be exercisable at C$0.13 for two years. The strike price represents a 4% premium to C$0.125, the Oct. 28 closing share price.
Proceeds will be used for the acquisition, exploration and development of properties in the Guiana Shield and for general working purposes.
The mineral exploration company is based in Toronto.
| Issuer: | Guyana Precious Metals Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$7 million
|
| Units: | 70 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.13
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 29
|
| Stock symbol: | TSX Venture: GPM
|
| Stock price: | C$0.125 at close Oct. 28
|
| Market capitalization: | C$12.52 million
|
© 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.
