By Laura Lutz
Des Moines, April 10 - Knight Resources Ltd. plans to conduct a private placement of units for C$1.2 million.
He company plans to sell flow-through units of one flow-through share and one non flow-through warrant and non flow-through units of one non flow-through share and one non flow-through warrant.
Both types of units will be priced at C$0.30 apiece.
Each warrant will be exercisable for two years, at C$0.40 in the first year and at C$0.60 in the second year.
Proceeds will be used for exploration and working capital.
Knight is a resource exploration company based in Vancouver, B.C.
| Issuer: | Knight Resources Ltd.
|
| Issue: | Units of one flow-through share and one non flow-through warrant; units of one non flow-through share and one non flow-through warrant
|
| Amount: | C$1.2 million
|
| Units: | 4 million
|
| Price: | C$0.30
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40 in the first year; C$0.60 in the second year
|
| Pricing date: | April 10
|
| Stock symbol: | TSX Venture: KNP
|
| Stock price: | C$0.285 at close April 10
|
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