By Laura Lutz
Des Moines, May 16 - Hudson Resources Inc. plans to complete a private placement of units for C$3 million.
The company plans to sell 3 million units of one non-assessable share and one half-share transferable warrant at C$1.00 per unit. Each whole warrant will be exercisable at C$1.30 for one year.
The placement will be non-brokered.
There is a greenshoe for up to 2 million units.
Proceeds will be used for exploration.
Hudson is a resource exploration company based in Vancouver, B.C.
| Issuer: | Hudson Resources Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 3 million
|
| Greenshoe: | 2 million units
|
| Price: | C$1.00
|
| Warrants: | One half-share warrant
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.30
|
| Agent: | Non-brokered
|
| Pricing date: | May 16
|
| Stock symbol: | TSX Venture: HUD
|
| Stock price: | C$1.00 at close May 15
|
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