Deal's proceeds to increase mill inventory from Treasure Mountain Mine
By Devika Patel
Knoxville, Tenn., Oct. 15 - Huldra Silver Inc. said it raised C$1.49 million in the second tranche of a C$6.75 million non-brokered private placement of units. The deal priced Sept. 17 and raised C$2.86 million on Oct. 1.
The company is selling 5 million units of one common share and one half-share warrant at C$1.35 per unit. It sold 2,116,118 units in the first tranche and 1,104,082 units in the second tranche.
Each whole warrant is exercisable at C$1.75 for six months. The strike price is a 17.45% premium to the closing share price of C$1.49 on Sept. 14.
Proceeds will be used to increase the mill inventory from the Treasure Mountain Mine and for debt repayment and general working capital.
Vancouver, B.C.-based Huldra explores and develops silver deposits.
Issuer: | Huldra Silver Inc.
|
Issue: | Units of one common share and one half-share warrant
|
Amount: | C$6.75 million
|
Units: | 5 million
|
Price: | C$1.35
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Six months
|
Warrant strike price: | C$1.75
|
Agent: | Non-brokered
|
Pricing date: | Sept. 17
|
Settlement dates: | Oct. 1 (for C$2,856,759), Oct. 15 (for C$1,490,511)
|
Stock symbol: | TSX Venture: HDA
|
Stock price: | C$1.49 at close Sept. 14
|
Market capitalization: | C$56.89 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.