By Devika Patel
Knoxville, Tenn., March 26 - Amera Resources Corp. said it will conduct a C$1 million non-brokered private placement of units.
The company plans to sell 5.9 million units of one common share and one half-share warrant at C$0.17 apiece. Each whole warrant will be exercisable at C$0.22 for two years.
Proceeds will be used for general working capital and for exploration and development of the company's property portfolio in Peru.
Amera is a metals exploration company based in Vancouver, B.C.
| Issuer: | Amera Resources Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 5.9 million
|
| Price: | C$0.17
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.22
|
| Agent: | Non-brokered
|
| Pricing date: | March 26
|
| Stock symbol: | TSX Venture: AMS
|
| Stock price: | C$0.20 at close March 25
|
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