E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/27/2011 in the Prospect News PIPE Daily.

War Eagle Mining concludes C$990,000 private placement of equity units

Non-brokered deal funds working capital and general corporate purposes

By Devika Patel

Knoxville, Tenn., Sept. 27 - War Eagle Mining Co. Inc. said it settled a C$990,000 non-brokered private placement of units. The deal priced for C$1 million on Sept. 7.

The company sold 3.96 million units of one common share and one warrant at C$0.25 per unit.

Each warrant will be exercisable at C$0.34, which is identical to the Sept. 6 closing share price, until Sept. 26, 2013.

Proceeds will be used for working capital and general corporate purposes.

War Eagle is a zinc, lead, gold and germanium explorer based in Vancouver, B.C.

Issuer:War Eagle Mining Co. Inc.
Issue:Units of one common share and one warrant
Amount:C$990,000
Units:3.96 million
Price:C$0.25
Warrants:One warrant per unit
Warrant expiration:Sept. 26, 2013
Warrant strike price:C$0.34
Agent:Non-brokered
Pricing date:Sept. 7
Settlement date:Sept. 27
Stock symbol:TSX Venture: WAR
Stock price:C$0.34 at close Sept. 7
Market capitalization:C$1.55 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.