By Sheri Kasprzak
Atlanta, March 11 - Equinox Minerals Ltd. said it will raise C$8,642,340 in a private placement of stock.
The company plans to sell 14,403,900 shares at C$0.60 each.
The offering is being underwritten by a syndicate led by Sprott Securities Inc. and including TD Securities Inc. and Paradigm Capital Inc.
The deal is expected to close March 29.
Based in Toronto, Equinox is a mineral exploration company. It plans to use the proceeds for working capital and to fund the company's obligations under its Front End Engineering and Development contract with GRD Minproc Ltd.
| Issuer: | Equinox Minerals Ltd.
|
| Issue: | Stock
|
| Amount: | C$8,642,340
|
| Shares: | 14,403,900
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| Price: | C$0.60
|
| Warrants: | No
|
| Underwriters: | Sprott Securities Inc. (lead); TD Securities Inc. and Paradigm Capital Inc.
|
| Pricing date: | March 11
|
| Settlement date: | March 29
|
| Stock price: | C$0.59 at close March 10
|
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