By Laura Lutz
Des Moines, April 19 - Amera Resources Corp. raised C$3.325 million from the second tranche of a slightly upsized private placement of units, bringing the total deal size to C$4.095 million.
In total, the company sold 11.7 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.
The placement priced on March 12 as a C$4.025 million offering.
The first tranche included 2.2 million units, and the second tranche included 9.5 million units.
Bolder Investment Partners, Ltd. and Canaccord Capital Corp. were the 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.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$4.095 million
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Units: | 11.7 million
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Price: | C$0.35
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.45
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Agents: | Bolder Investment Partners, Ltd.; Canaccord Capital Corp.
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Pricing date: | March 12
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Settlement date: | April 12 (for 2.2 million units); April 19 (for 9.5 million units)
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Stock symbol: | TSX Venture: AMS
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Stock price: | C$0.40 at close March 12
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Stock price: | C$0.40 at close April 12
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Stock price: | C$0.42 at close April 19
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