Company sells 10 million shares at C$0.24 each in non-brokered offer
By Toni Weeks
San Luis Obispo, Calif., March 18 - Americas Bullion Royalty Corp. announced it has upsized its private placement of stock to C$2.4 million from C$2.04 million.
The company will now sell 10 million common shares at C$0.24 per share. When the offering was announced Friday, it had planned to sell 8.5 million shares. The per-share price is a 9.43% discount to the closing share price of C$0.265 on March 14.
Proceeds will be used for general working capital.
Based in Hayden, Idaho, Americas Bullion is a precious metals royalty and streaming company designed to provide revenue to shareholders through its portfolio of 34 properties.
| Issuer: | Americas Bullion Royalty Corp.
|
| Issue: | Common stock
|
| Amount: | C$2.4 million
|
| Shares: | 10 million
|
| Price: | C$0.24
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | March 15
|
| Upsized: | March 18
|
| Stock symbol: | TSX: AMB
|
| Stock price: | C$0.265 at close March 14
|
| Market capitalization: | C$40.57 million
|
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