By Devika Patel
Knoxville, Tenn., Jan. 23 - Altair Ventures Inc. said it plans to conduct a C$1 million non-brokered private placement of units.
The company will sell 5 million units at C$0.20 each. The units consist of one share and one half-share warrant, with each whole warrant exercisable at C$0.30 for one year.
Proceeds will be used for exploration, the acquisition and development of additional properties and for general working capital purposes.
Vancouver, B.C.-based Altair is a gold and copper exploration company.
| Issuer: | Altair Ventures Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 5 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.30
|
| Placement agent: | Non-brokered
|
| Pricing date: | Jan. 23
|
| Stock symbol: | TSX Venture: AVX
|
| Stock price: | C$0.19 at close Jan. 23
|
© 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.
