By Laura Lutz
Des Moines, May 16 - Goldeye Explorations Ltd. closed a slightly downsized private placement of units for C$1,232,660.
The company sold 11.206 million units of one share and one warrant at C$0.11 per unit. Each warrant will be exercisable at C$0.15 for two years.
The placement was partially brokered.
The placement priced on March 28 a C$1.1 million offering. It was upsized to C$1,250,150 on May 2. The company said in a news release that the deal was increased because it was oversubscribed.
Proceeds will be used for exploration on the company's Chilean mineral projects, for working capital and for administrative expenses.
Goldeye is a Toronto-based mineral exploration company.
Issuer: | Goldeye Explorations Ltd.
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Issue: | Units of one share and one warrant
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Amount: | C$1,232,660
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Units: | 11.206 million
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Price: | C$0.11
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Warrants: | One per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.15
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Pricing date: | March 28
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Upsized: | May 2
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Settlement date: | May 16
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Stock symbol: | TSX Venture: GGY
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Stock price: | C$0.115 at close March 28
|
Stock price: | C$0.125 at close May 2
|
Stock price: | C$0.115 at close May 16
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