Non-brokered deal sells 96,064,286 common shares at $0.05 per share
By Devika Patel
Knoxville, Tenn., Aug. 24 – Energizer Resources Inc. raised $4.8 million in a non-brokered private placement of stock on Aug. 18, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 96,064,286 common shares at $0.05 apiece, which is a 16.67% discount to the Aug. 17 closing share price of $0.06.
Goodman & Co., Investment Counsel Inc. invested $4.62 million.
The Toronto company explores for vanadium, uranium, gold and other minerals.
| Issuer: | Energizer Resources Inc.
|
| Issue: | Common stock
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| Amount: | $4,803,214
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| Shares: | 96,064,286
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| Price: | $0.05
|
| Warrants: | No
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| Agent: | Non-brokered
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| Investor: | Goodman & Co., Investment Counsel Inc. (for $4.62 million)
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| Settlement date: | Aug. 18
|
| Stock symbol: | OTCBB: ENZR
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| Stock price: | $0.06 at close Aug. 17
|
| Market capitalization: | $22.7 million
|
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