Brokered offering also has 15% greenshoe; shares sold at C$2.90 each
By Devika Patel
Knoxville, Tenn., June 28 - East Asia Minerals Corp. said it plans a C$10 million private placement of stock through a syndicate of underwriters led by RBC Capital Markets. There is a 15% greenshoe of C$1.5 million.
The company will sell 3.45 million common shares at C$2.90 per share, which is a 3.33% discount to the June 27 closing share price of C$3.00.
Settlement is expected July 13.
Proceeds will be used primarily for exploration and development at the Miwah property and for general working capital purposes.
East Asia is a mineral exploration company based in Vancouver, B.C.
| Issuer: | East Asia Minerals Corp.
|
| Issue: | Common shares
|
| Amount: | C$10 million
|
| Greenshoe: | C$1.5 million
|
| Shares: | 3.45 million
|
| Price: | C$2.90
|
| Warrants: | No
|
| Underwriters: | RBC Capital Markets (lead)
|
| Pricing date: | June 28
|
| Settlement date: | July 13
|
| Stock symbol: | TSX Venture: EAS
|
| Stock price: | C$3.00 at close June 28
|
| Market capitalization: | C$233.89 million
|
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