By Devika Patel
Knoxville, Tenn., Feb. 6 - Amerigo Resources Ltd. said it plans to raise C$10.5 million in a non-brokered private placement of units.
The company will sell 37.5 million units at C$0.28 apiece. Each unit consists of one common share and one warrant.
Each two-year warrant is exercisable at C$0.33 in the first year and at C$0.40 thereafter.
Proceeds will be used to improve Amerigo's financial position.
Amerigo is a copper and molybdenum exploration and production company based in Vancouver, B.C.
| Issuer: | Amerigo Resources Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$10.5 million
|
| Units: | 37.5 million
|
| Price: | C$0.28
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.33 in the first year, C$0.40 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 6
|
| Stock symbol: | Toronto: ARG
|
| Stock price: | C$0.33 at close Feb. 6
|
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