Offering of 4,402,000 common shares at C$0.72 each to settle on May 6
By Devika Patel
Knoxville, Tenn., May 4 - Colt Resources Inc. said it has arranged a C$3.17 million private placement of stock.
The company will sell 4,402,000 common shares at C$0.72 apiece, a 2.86% premium to the May 3 closing share price of C$0.70.
Settlement is expected May 6.
Colt also said it completed a bought-deal public offering of 18.6 million common shares at C$0.72 per share for C$13.39 million. The offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp. and including Desjardins Securities Inc., Laurentian Bank Securities Inc. and D&D Securities Inc.
Colt Resources is a gold and tungsten exploration company based in Vancouver, B.C.
| Issuer: | Colt Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$3,169,440
|
| Shares: | 4,402,000
|
| Price: | C$0.72
|
| Warrants: | No
|
| Pricing date: | May 4
|
| Settlement date: | May 6
|
| Stock symbol: | TSX Venture: GTP
|
| Stock price: | C$0.70 at close May 3
|
| Market capitalization: | C$37.25 million
|
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