Company sells common shares, four-year warrants in brokered offering
By Devika Patel
Knoxville, Tenn., Dec. 6 - Ireland, Inc. took in $5.41 million of net proceeds through a private placement of units on Nov. 30, according to an 8-K filed Thursday with the Securities and Exchange Commission. Craig-Hallum Capital Group LLC was the agent.
The company sold 8,896,901 units of one common share and a warrant.
The warrants are each exercisable at $0.95 for four years. The strike price reflects a 35.71% premium to the Nov. 29 closing share price of $0.70.
Located in Blaine, Wash., Ireland is a silver and gold exploration company.
| Issuer: | Ireland, Inc.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | $5,411,491 (net)
|
| Units: | 8,896,901
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Four years
|
| Warrant strike price: | $0.95
|
| Agent: | Craig-Hallum Capital Group LLC
|
| Settlement date: | Nov. 30
|
| Stock symbol: | OTCBB: IRLD
|
| Stock price: | $0.70 at close Nov. 29
|
| Market capitalization: | $93.26 million
|
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