By Devika Patel
Knoxville, Tenn., May 21 - Leeward Capital Corp. said it plans to raise C$1 million in a private placement of units with MineralFields Group.
The company will sell units of one flow-through common share and one half-share warrant at C$0.15 per unit. Each whole two-year warrant will be exercisable at C$0.18 for the first year and at C$0.22 thereafter.
Proceeds will be used to fund ongoing drilling activities on Leeward's Nithi Mountain Moly Property located in central British Columbia.
Leeward is a Calgary, Alta.-based resource company focused on molybdenum, diamonds and gold.
| Issuer: | Leeward Capital Corp.
|
| Issue: | Units of one flow-through common share and one half-share warrant
|
| Amount: | C$1 million
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.18 for the first year, C$0.22 thereafter.
|
| Agent: | MineralFields Group
|
| Pricing date: | May 21
|
| Stock symbol: | TSX Venture: LWC
|
| Stock price: | C$0.16 at close May 20
|
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