Non-brokered deal has 10% greenshoe, finances exploration at Purisima
By Devika Patel
Knoxville, Tenn., May 5 - Harmony Gold Corp. said it plans a C$1.5 million non-brokered private placement of units. The deal has a 10% greenshoe.
The company will sell 15 million units of one common share and one half-share warrant at C$0.10 per unit.
Each whole warrant will be exercisable at C$0.20 for one year. The strike price is an 81.82% premium to C$0.11, the May 4 closing share price.
Proceeds will be used for general working capital and exploration on the company's Purisima Project.
Harmony is a gold explorer in Vancouver, B.C.
| Issuer: | Harmony Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.5 million
|
| Greenshoe: | 10%
|
| Units: | 15 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Pricing date: | May 5
|
| Settlement date: | June 15
|
| Stock symbol: | TSX Venture: H
|
| Stock price: | C$0.11 at close May 4
|
| Market capitalization: | C$3.93 million
|
© 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.
