By Devika Patel
New York, July 28 - Amerpro Resources, Inc. said it plans to raise C$3 million in a private placement of units. Byron Capital Markets is the agent.
The company will sell 12 million units at C$0.25 per unit on a best-efforts basis. Each unit will consist of one share and one half-share warrant. Each whole warrant is exercisable at C$0.40 for one year.
Proceeds will be used for general working capital purposes.
Amerpro is based in Vancouver, B.C.
| Issuer: | Amerpro Resources, Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 12 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
| Agent: | Byron Capital Markets
|
| Pricing date: | July 28
|
| Stock symbol: | TSX Venture: AMP.A
|
| Stock price: | C$0.35 at close July 27
|
| Market capitalization: | C$2.19 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.
