By Laura Lutz
Des Moines, March 12 - Amera Resources Corp. arranged a private placement of units for up to C$4.025 million.
The company plans to sell up to 11.5 million units of one share and one half-share warrant at C$0.35 per unit. Each whole warrant will be exercisable at C$0.45 for two years.
Expiry of the warrants may be accelerated to 30 days if the weighted average trading price of the company's shares is at least C$0.75 for 20 consecutive trading days.
Bolder Investment Partners, Ltd. and Canaccord Capital Corp. will act as agents.
Proceeds will be used for working capital and for exploration and development on the company's Peruvian properties.
Amera is a resource exploration company based in Vancouver, B.C.
| Issuer: | Amera Resources Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$4.025 million
|
| Units: | 11.5 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Agents: | Bolder Investment Partners, Ltd., Canaccord Capital Corp.
|
| Pricing date: | March 12
|
| Stock symbol: | TSX Venture: AMS
|
| Stock price: | C$0.40 at close March 12
|
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