By Devika Patel
Knoxville, Tenn., May 27 - ICS Copper Systems Ltd. arranged a private placement of units for C$1.1 million.
The company will sell 2.75 million units of one share and one warrant at C$0.40 per unit. Each warrant will be exercisable at C$0.50 for two years.
ICS is a mining company based in Abbotsford, B.C.
| Issuer: | ICS Copper Systems Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.1 million
|
| Units: | 2.75 million
|
| Price: | C$0.40
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Pricing date: | May 27
|
| Stock symbol: | TSX Venture: ICX
|
| Stock price: | C$0.38 at close May 26
|
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