Company sells 1,026,609 units of two common shares and one warrant
By Toni Weeks
San Diego, Dec. 28 - American Strategic Minerals Corp. settled an $821,287 private placement of units on Dec. 27, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 1,026,609 units of two common shares and one warrant at $0.80 per unit. Each warrant is exercisable for five years at $0.60, a 40% discount to the Dec. 24 closing share price of $1.00.
The sale of units includes the conversion of unpaid salaries, fees and expenses in the amount $123,287.
Alexandria, Va.-based American Strategic explores for uranium and vanadium.
| Issuer: | American Strategic Minerals Corp.
|
| Issue: | Units of two common shares and one warrant
|
| Amount: | $821,287
|
| Units: | 1,026,609
|
| Price: | $0.80
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.60
|
| Settlement date: | Dec. 27
|
| Stock symbol: | OTCBB: ASMC
|
| Stock price: | $1.00 at close Dec. 24
|
| Market capitalization: | $34.12 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.
