By Devika Patel
Knoxville, Tenn., Oct. 21 - Dynasty Metals & Mining Inc. said it will raise C$6 million in a private placement of stock via a syndicate of underwriters led by Canaccord Capital Corp. and including Cormark Securities Inc.
The company will sell 1.5 million common shares at C$4.00 per share on a bought-deal basis.
Settlement is expected Nov. 3.
Proceeds will be used to fund development of the corporation's Ecuador properties as well as for general corporate purposes.
Dynasty is a mining company based in Vancouver, B.C.
Issuer: | Dynasty Metals & Mining Inc.
|
Issue: | Common stock
|
Amount: | C$6 million
|
Shares: | 1.5 million
|
Price: | C$4.00
|
Warrants: | No
|
Agent: | Canaccord Capital Corp. (lead), Cormark Securities Inc.
|
Pricing date: | Oct. 21
|
Settlement date: | Nov. 3
|
Stock symbol: | Toronto: DMM
|
Stock price: | C$4.46 at close Oct. 20
|
Market capitalization: | C$152 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.