By Sheri Kasprzak
New York, Dec. 9 - Etruscan Resources Inc. said it has secured agreements for its C$10 million private placement.
The company will sell to 20 investors 7,407,407 units at C$1.35 each.
The units include one share and one warrant. The warrants are exercisable at C$1.75 each for two years.
The deal is expected to close Dec. 16.
Some of the proceeds will be used for construction at the Youga gold mine in Burkina Faso.
Etruscan, based in Windsor, N.S., is a gold exploration and development company.
| Issuer: | Etruscan Resources Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$10 million
|
| Units: | 7,407,407
|
| Price: | C$1.35
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.75
|
| Announcement date: | Dec. 9
|
| Settlement date: | Dec. 16
|
| Stock price: | C$1.49 at close Dec. 9
|
|
|
© 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.
