By Laura Lutz
Des Moines, April 25 - Win-Eldrich Mines Ltd. intends to conduct a private placement of units for up to C$1 million.
The company plans to sell up to about 527,000 units of one share and one half-share warrant at C$1.90 per unit. Each whole warrant will be exercisable at C$2.00 for one year.
Proceeds of the non-brokered placement will be used for the company's properties and for working capital.
Settlement is expected in May.
Win-Eldrich is a mining company based in Toronto.
Issuer: | Win-Eldrich Mines Ltd.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$1 million
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Units: | 527,000
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Price: | C$1.90
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Warrants: | One half-share warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | C$2.00
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Agent: | Non-brokered
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Pricing date: | April 25
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Stock symbol: | TSX Venture: WEX
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Stock price: | C$1.96 at close April 15
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