By Laura Lutz
Des Moines, Oct. 13 - Halo Resources Ltd. settled a private placement of units for C$1,537,350
The company sold 3,416,333 flow-through units of one share and one half-share warrant at C$0.45 per unit. Each full warrant will be exercisable at C$0.60 for 18 months.
Canaccord Adams is the agent for the placement.
Halo originally announced the deal as an offering of up to C$1.35 million of units.
The proceeds will be used for exploration and development at the company's Duport, Sherridon and Red Lake properties.
Halo is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Halo Resources Ltd.
|
| Issue: | Units of one flow-through share and one half-share warrant
|
| Amount: | C$1,537,350
|
| Units: | 3,416,333
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.60
|
| Agent: | Canaccord Adams
|
| Pricing date: | Aug. 30
|
| Settlement date: | Oct. 13
|
| Stock symbol: | TSX Venture: HLO
|
| Stock price: | C$0.41 at close Aug. 29
|
| Stock price: | C$0.325 at close Oct. 13
|
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