Financing sells 9,523,809 units of one common share and one warrant
By Devika Patel
Knoxville, Tenn., Nov. 8 - Discovery Ventures Inc. said it arranged a C$2 million non-brokered private placement of units.
The company will sell 9,523,809 units of one common share and one warrant at C$0.21 per unit.
Each warrant is exercisable at C$0.35 for two years. The strike price is a 59.09% premium to the Nov. 7 closing share price of C$0.22.
The gold, silver and copper mining company is based in Vancouver, B.C.
Issuer: | Discovery Ventures Inc.
|
Issue: | Units of one common share and one warrant
|
Amount: | C$2 million
|
Units: | 9,523,809
|
Price: | C$0.21
|
Warrants: | One warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.35
|
Agent: | Non-brokered
|
Pricing date: | Nov. 8
|
Stock symbol: | TSX Venture: DVN
|
Stock price: | C$0.22 at close Nov. 7
|
Market capitalization: | C$7.54 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.