By Susanna Moon
Chicago, June 21 - AIM Resources Ltd. said the company priced A$75 million in a private placement of 75,067,000 units and 166,933,000 escrow receipts at A$0.31 each.
Units consist of one share and one half-share warrant. Warrants are exercisable for A$0.45 for 36 months until Sept. 28, 2010.
Escrow receipts are exercisable into units.
The agents have been granted an option to sell an additional A$15 million of escrow receipts at the offering price, exercisable at any time prior to 30 days after the settlement date.
The offering is scheduled to close July 5.
Westwind Partners Inc. was lead agent for a syndicate that includes Cormark Securities Inc.
AIM is a mineral exploration company based in Sydney, Australia.
Issuer AIM Resources Ltd.
| Issue: | Units of one share and one warrant
|
| Amount: | A$75 million
|
| Units: | 75,067,000
|
| Price: | A$0.31
|
| Warrants: | One half-share per unit
|
| Warrant expiration: | 36 months until Sept. 28, 2010
|
| Warrant strike price: | A$0.45
|
| Agent: | Westwind Partners Inc. (lead); syndicate includes Cormark Securities Inc.
|
| Pricing date: | June 21
|
| Settlement date: | July 5
|
| Stock symbol: | Australia: ASX
|
| Stock price: | A$0.415 at close June 20
|
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