Brokered deal consisted of 3.45 million common shares sold at C$2.90
By Devika Patel
Knoxville, Tenn., July 13 - East Asia Minerals Corp. said it concluded a C$10.01 million private placement of stock through a syndicate of underwriters led by RBC Capital Markets and including Jennings Capital Inc. and Cormark Securities Inc. The deal priced for C$10.01 million with a 15% greenshoe of C$1.5 million on June 28.
The company sold 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.
Proceeds will be used for exploration and development at the Miwah property and for general working capital.
East Asia is a mineral exploration company based in Vancouver, B.C.
| Issuer: | East Asia Minerals Corp.
|
| Issue: | Common shares
|
| Amount: | C$10,005,000
|
| Shares: | 3.45 million
|
| Price: | C$2.90
|
| Warrants: | No
|
| Underwriters: | RBC Capital Markets (lead), Jennings Capital Inc. and Cormark Securities Inc.
|
| 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$244.8 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.
