Shares sold on a non-brokered basis and through syndicate of agents
By Devika Patel
Knoxville, Tenn., Aug. 8 - Huldra Silver Inc. said it settled a C$4.16 million brokered private placement of stock, which was conducted alongside a C$5.49 million non-brokered private placement of stock. The deals, which settled Aug. 7, were announced June 14 and priced for a total of C$8.5 million with a C$2 million greenshoe on June 15.
The company sold a total of 3,559,815 common shares at C$1.08 apiece, a 7.69% discount to the June 14 closing share price of C$1.17. It also sold a total of 4,837,899 flow-through common shares at C$1.20 apiece, a 2.56% premium to the June 14 closing share price.
Of the flow-through common shares, 2,470,399 were sold on a non-brokered basis. Of the common shares, 2,334,815 were sold on a non-brokered basis.
The brokered deal was conducted on a best-efforts basis by a syndicate of agents led by National Bank Financial Inc. and including BayFront Capital Partners and Pope & Co. Ltd.
Proceeds will be used to advance the Treasure Mountain project towards production, for resource exploration, debt repayment and general working capital purposes.
Vancouver, B.C.-based Huldra is a silver explorer.
| Issuer: | Huldra Silver Inc.
|
| Issue: | Common shares, flow-through common shares
|
| Amount: | C$9,650,079
|
| Warrants: | No
|
| Underwriters: | National Bank Financial Inc. (lead), BayFront Capital Partners and Pope & Co. Ltd. (for C$4,164,000); non-brokered (for C$5,486,079)
|
| Announcement date: | June 14
|
| Pricing date: | June 15
|
| Settlement date: | Aug. 7
|
| Stock symbol: | TSX Venture: HDA
|
| Stock price: | C$1.17 at close June 14
|
| Market capitalization: | C$46.28 million
|
|
|
| Common stock
|
| Amount: | C$3,844,600
|
| Shares: | 3,559,815
|
| Price: | C$1.08
|
|
|
| Flow-through stock
|
| Amount: | C$5,805,479
|
| Shares: | 4,837,899
|
| Price: | C$1.20
|
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