Deal offers 6,550,218 units of one common share, one two-year warrant
By Devika Patel
Knoxville, Tenn., April 29 - Komet Resources Inc. said it plans a C$1.5 million non-brokered private placement of units.
The company will sell up to 6,550,218 units of one common share and one warrant at C$0.229 per unit.
Each warrant is exercisable at C$0.305 for two years. The strike price is identical to the April 28 closing share price.
The gold exploration and development company is based in Montreal.
| Issuer: | Komet Resources Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 6,550,218
|
| Price: | C$0.229
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.305
|
| Agent: | Non-brokered
|
| Pricing date: | April 29
|
| Stock symbol: | TSX Venture: KMT
|
| Stock price: | C$0.305 at close April 28
|
| Market capitalization: | C$10.28 million
|
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