By Devika Patel
Knoxville, Tenn., July 13 - Herdron Capital Corp. announced it will conduct a private placement of units for C$2.45 million.
The company will sell 7 million units at C$0.35 apiece. Each unit will consist of one common share and a warrant, with each two-year warrant exercisable at C$0.45 in the first year and at C$0.60 in the second year.
CHF Investor Relations is the agent.
Edmonton, Alta.-based Herdron is a capital pool company.
| Issuer: | Herdron Capital Corp.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$2.45 million
|
| Units: | 7 million
|
| Price: | C$0.35
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45 in the first year, C$0.60 in the second year
|
| Agent: | CHF Investor Relations
|
| Pricing date: | July 13
|
| Stock symbol: | TSX Venture: HDC.P
|
| Stock price: | C$0.45 at close July 10
|
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