By Devika Patel
Knoxville, Tenn., Nov. 4 - Allana Resources Inc. said it has negotiated a C$2 million non-brokered private placement of stock.
The company will sell 8 million common shares at C$0.25 apiece to China Mineral United Management Ltd.
Settlement is expected Nov. 5.
Toronto-based Allana Resources holds certain mineral claims known as the Marble Mountain property in Parkin Township near Sudbury, Ont. The company is seeking global acquisition opportunities of potash properties.
| Issuer: | Allana Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Shares: | 8 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | China Mineral United Management Ltd.
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 5
|
| Stock symbol: | TSX Venture: AAA
|
| Stock price: | C$0.33 at close Nov. 3
|
| Market capitalization: | C$16.7 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.
