Non-brokered deal sells 100 million shares at C$0.135 each to Tremont
By Devika Patel
Knoxville, Tenn., Dec. 30 - Alphamin Resources Corp. said it completed a C$13.5 million non-brokered private placement of stock with Tremont Master Holdings on Friday. The deal priced for C$12 million on Dec. 3 and was revised on Dec. 26.
The company will sell 100 million common shares at C$0.135 apiece, a 15.63% discount to the Dec. 2 closing share price of C$0.16. The shares were originally priced at C$0.12 apiece.
Proceeds will be used for exploration and development of the Bisie Tin Project.
The gold, silver and polymetallic explorer is based in Vancouver, B.C.
| Issuer: | Alphamin Resources Corp.
|
| Issue: | Common stock
|
| Amount: | C$13.5 million
|
| Shares: | 100 million
|
| Price: | C$0.135
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Tremont Master Holdings
|
| Pricing date: | Dec. 3
|
| Revised: | Dec. 26
|
| Settlement date: | Dec. 27
|
| Stock symbol: | TSX Venture: AFM
|
| Stock price: | C$0.16 at close Dec. 2
|
| Market capitalization: | C$27.36 million
|
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