By Sheri Kasprzak
New York, May 30 - L.G.R. Resources Ltd. priced a C$1 million non-brokered private placement.
The deal includes up to 4,444,444 units at C$0.225 each.
The units consist of one share and one half-share warrant with each whole warrant exercisable at C$0.30 for two years.
The proceeds will be used for future prospects as well as for working capital.
Vancouver, B.C.-based L.G.R. is a mineral exploration company.
| Issuer: | L.G.R. Resources Ltd.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1 million (maximum)
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| Units: | 4,444,444 (maximum)
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| Price: | C$0.225
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.30
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| Placement agent: | Non-brokered
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| Pricing date: | May 29
|
| Stock symbol: | CNQ: MHPT
|
| Stock price: | C$0.30 at close May 29
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