By Devika Patel
Knoxville, Tenn., Jan. 28 - Crowflight Minerals Inc. said it plans a C$15 million private placement of stock.
The company will sell 93.75 million common shares at C$0.16 apiece.
Pala Investments Holdings Ltd. will purchase 21,356,250 shares for C$3.42 million.
Proceeds will be used to continue the redevelopment of the Bucko Lake mine.
Crowflight is a resource exploration company based in Toronto.
| Issuer: | Crowflight Minerals Inc.
|
| Issue: | Common shares
|
| Amount: | C$15 million
|
| Shares: | 93.75 million
|
| Price: | C$0.16
|
| Warrants: | No
|
| Investor: | Pala Investments Holdings Ltd. (for C$3,417,000)
|
| Pricing date: | Jan. 27
|
| Stock symbol: | Toronto: CML
|
| Stock price: | C$0.155 at close Jan. 27
|
| Market capitalization: | C$86.6 million
|
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