By Devika Patel
Knoxville, Tenn., April 29 - Golden Hope Mines Ltd. said it plans a C$2 million non-brokered private placement of units. There is a C$2 million greenshoe.
The company will sell units of one common share and one warrant at C$0.18 apiece. Each two-year warrant will be exercisable at C$0.25.
Proceeds will be used to continue development of key projects and for working capital purposes.
Golden Hope is a resource exploration company based in Toronto.
| Issuer: | Golden Hope Mines Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2 million
|
| Greenshoe: | C$2 million
|
| Price: | C$0.18
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Pricing date: | April 29
|
| Stock symbol: | TSX Venture: GNH
|
| Stock price: | C$0.20 at close April 28
|
| Market capitalization: | C$13.8 million
|
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