By Sheri Kasprzak
New York, Aug. 8 - Equinox Minerals Ltd. said it has arranged a private placement for C$20 million.
The offering includes 33,333,334 shares at C$0.60 each.
A syndicate of placement agents led by Sprott Securities Inc. and Paradigm Capital Inc., and including Dundee Securities Corp., Raymond James Ltd. and TD Securities Inc., has an over-allotment option for up to 14.6 million shares.
The deal is slated to close Aug. 25.
Proceeds will be used for exploration on the company's Lumwana copper project in Zambia. The remainder will be used for working capital.
Based in Toronto, Equinox is a mineral exploration company.
| Issuer: | Equinox Minerals Ltd.
|
| Issue: | Stock
|
| Amount: | C$20 million
|
| Shares: | 33,333,334
|
| Greenshoe: | For 14.6 million shares
|
| Price: | C$0.60
|
| Warrants: | No
|
| Placement agents: | Sprott Securities Inc. (lead); Paradigm Capital Inc. (lead); Dundee Securities Corp.; Raymond James Ltd.; TD Securities Inc.
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 25
|
| Stock price: | C$0.65 at close Aug. 5
|
|
|
© 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.
