Non-brokered deal funds exploration, general working capital purposes
By Devika Patel
Knoxville, Tenn., July 2 – Hunt Mining Corp. said it amended the terms of a C$1.13 million non-brokered private placement of units. The deal priced on June 11.
The company will now sell 22.5 million units of one common share and one warrant at C$0.05 per unit.
Each whole warrant is now exercisable at C$0.075 for five years.
Hunt Mining previously planned to sell 15 million units at C$0.075 per unit, with each warrant exercisable at C$0.125 for five years.
Proceeds will be used for exploration in Santa Cruz, Argentina, and for general working capital purposes.
Hunt Mining is a gold and silver mining company based in Liberty Lake, Wash.
| Issuer: | Hunt Mining Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,125,000
|
| Units: | 22.5 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.075
|
| Agent: | Non-brokered
|
| Pricing date: | June 11
|
| Amended: | July 2
|
| Stock symbol: | TSX Venture: HMX
|
| Stock price: | C$0.01 at close June 10
|
| Market capitalization: | C$732,747
|
© 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.
