By Devika Patel
Knoxville, Tenn., June 22 - Levon Resources Ltd. said it will raise C$1.04 million in a non-brokered private placement of units.
The company will sell 6.5 million units of one common share and one half-share warrant at C$0.16 apiece. Each whole warrant is exercisable at C$0.35 for one year.
Proceeds will be used to advance the Cordero Sanson project.
Based in Vancouver, B.C., Levon Resources is a natural resource explorer.
| Issuer: | Levon Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.04 million
|
| Units: | 6.5 million
|
| Price: | C$0.16
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Pricing date: | June 22
|
| Stock symbol: | TSX Venture: LVN
|
| Stock price: | C$0.195 at close June 19
|
| Market capitalization: | C$7.49 million
|
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