By Sheri Kasprzak
New York, Nov. 15 - Firestone Ventures Inc. said it dropped the price and increased the number of units it is offering in its previously announced C$1 million private placement.
The deal now includes up to 8,333,333 units at C$0.12 each.
The units are composed of one share and one warrant. The warrants are exercisable at C$0.16 each for two years.
The deal was first announced Nov. 1 as including up to 6,666,667 units at C$0.15 each.
Those units originally included warrants exercisable at C$0.18 each for two years.
Proceeds will be used for exploration on existing Canadian and international properties. The rest will be used for working capital.
Based in Edmonton, Alta., Firestone is a uranium, zinc, copper and gold exploration company.
| Issuer: | Firestone Ventures Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1 million (maximum)
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| Units: | 8,333,333 (maximum)
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| Price: | C$0.12
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.16
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| Pricing date: | Oct. 31
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| Amended: | Nov. 14
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| Stock price: | C$0.15 at close Oct. 31
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| Stock price: | C$0.14 at close Nov. 14
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