Non-brokered deal now sells units with half-share warrants at C$0.55
By Devika Patel
Knoxville, Tenn., June 28 - Lago Dourado Minerals Ltd. said it amended the terms of a non-brokered private placement of units, which will now raise C$5.5 million. The deal priced for C$6 million on June 17.
The company will now sell 10 million units of one common share and one half-share warrant at C$0.55 per unit. The units originally were priced at C$0.60 each.
Each whole warrant is now exercisable at C$0.70, decreased from the original C$0.75, for 18 months. The strike price reflects a 27.27% premium to C$0.55, the June 16 closing share price.
Lago Dourado is a Toronto-based gold explorer.
| Issuer: | Lago Dourado Minerals Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$5.5 million
|
| Units: | 10 million
|
| Price: | C$0.55
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.70
|
| Agent: | Non-brokered
|
| Pricing date: | June 17
|
| Amended: | June 28
|
| Stock symbol: | TSX Venture: LDM
|
| Stock price: | C$0.60 at close June 17
|
| Market capitalization: | C$30.42 million
|
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