By Laura Lutz
Des Moines, Oct. 17 - La Quinta Resources Corp. upsized a previously announced private placement to C$1.275 million.
The non-brokered placement will consist of units of one common share and one half-share warrant at C$0.40 per unit. Each warrant will be exercisable at C$0.60 for six months.
The deal originally priced on Sept. 21 as a C$600,000 offering.
Proceeds will be used to review the company's recently optioned gold property in the Democratic Republic of Congo, for a preliminary evaluation of the company's Mexican properties and for working capital.
La Quinta is a precious metals company based in Vancouver, B.C.
| Issuer: | La Quinta Resources Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.275 million
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Six months
|
| Warrant strike price: | C$0.60
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 21
|
| Upsized: | Oct. 17
|
| Stock symbol: | TSX Venture: LAQ
|
| Stock price: | C$0.42 at close Sept. 21
|
| Stock price: | C$0.40 at close Oct. 17
|
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