By Devika Patel
Knoxville, Tenn., Feb. 20 - Kinbauri Gold Corp. said it will take in C$3 million in a private placement of units.
The company will sell 6,666,667 units of one common share and one half-share warrant at C$0.45 apiece. The whole warrants are exercisable at C$0.70 for one year.
M Partners Inc. is the agent.
Proceeds will be used for general working capital purposes and the advancement of the company's El Valle/Carles project in Spain.
Kinbauri is a mineral exploration and development company based in Ottawa, Ont.
| Issuer: | Kinbauri Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 6,666,667
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.70
|
| Agent: | M Partners Inc.
|
| Pricing date: | Feb. 20
|
| Stock symbol: | TSX Venture: KNB
|
| Stock price: | C$0.51 at close Feb. 19
|
© 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.
