By Laura Lutz
Des Moines, May 9 - Alturas Minerals Corp. set pricing for its previously announced C$10 million private placement of units.
The company plans to sell 20 million units of one share and one half-share warrant at C$0.50 per unit. Each warrant will be exercisable at C$0.65 for 18 months.
Raymond James Ltd. will act as lead agent with CIBC World Markets as co-agent.
Settlement is expected on May 29. The deal was first announced on April 27.
Proceeds will be used for drilling, exploration and working capital.
Toronto-based Alturas is the parent of Alturas Minerals SA, a mineral exploration company focused on projects in Peru.
| Issuer: | Alturas Minerals Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$10 million
|
| Units: | 20 million
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.65
|
| Agents: | Raymond James Ltd. (lead), CIBC World Markets
|
| Announcement date: | April 27
|
| Pricing date: | May 9
|
| Settlement date: | May 29
|
| Stock symbol: | TSX Venture: ALT
|
| Stock price: | C$0.57 at close May 8
|
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