By Devika Patel
Knoxville, Tenn., Dec. 4 - Kria Resources Ltd. said it plans a C$3 million non-brokered private placement of stock.
The company will sell 10 million flow-through shares at C$0.20 each. It also will sell 5 million common shares at C$0.20 per share.
Proceeds will be used for exploration, development and working capital.
Based in Toronto, Kria explores for minerals.
Issuer: | Kria Resources Ltd.
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Issue: | Flow-through shares, common shares
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Amount: | C$3 million
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Price: | C$0.20
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | Dec. 4
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Stock symbol: | TSX Venture: KIA
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Stock price: | C$0.24 at close Dec. 3
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Market capitalization: | C$489,730
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Flow-through shares
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Amount: | C$2 million
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Shares: | 10 million
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Shares
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Amount: | C$1 million
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Shares: | 5 million
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