By Devika Patel
Knoxville, Tenn., Sept. 18 - Kristina Capital Corp. priced a C$1.55 million non-brokered private placement of units.
The company will sell 3.1 million units of one common share and one warrant at C$0.50 apiece. Each warrant will be exercisable at C$0.65 for two years.
Radius Resources Corp. will buy 3 million units for C$1.5 million and Richard Poirier will buy 100,000 units for C$50,000.
Based in Calgary, Alta., Kristina Capital is a capital pool company.
Issuer: | Kristina Capital Corp.
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Issue: | Units of one common share and one warrant
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Amount: | C$1.55 million
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Units: | 3.1 million
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Price: | C$0.50
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.65
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Agent: | Non-brokered
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Investors: | Radius Resources Corp. (for C$1.5 million), Richard Poirier (for C$50,000)
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Pricing date: | Sept. 18
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Stock symbol: | TSX Venture: KCA.P
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Stock price: | C$0.50 at close Sept. 17
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