By Devika Patel
Knoxville, Tenn., Jan. 25 - LGC Skyrota Wind Energy Corp. said it has arranged a C$5 million non-brokered private placement of units.
The company will sell 58,823,530 units of one common share and one half-share warrant at C$0.085 each. The whole warrants are exercisable at C$0.125 for two years.
Proceeds will be used for acquisitions, working capital and general corporate purposes.
Vancouver, B.C.-based LGC focuses on exploring mineral properties and investigating other possible acquisitions, and business opportunities.
| Issuer: | LGC Skyrota Wind Energy Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$5 million
|
| Units: | 58,823,530
|
| Price: | C$0.085
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.125
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 25
|
| Stock symbol: | TSX Venture: LGS
|
| Stock price: | C$0.09 at close Jan. 22
|
| Market capitalization: | C$5.53 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
