By Sheri Kasprzak
New York, Feb. 24 - Little Squaw Gold Mining Co. said it has concluded the last tranche of a $1.4 million private placement.
The company issued a total of 5.6 million units at $0.25 each.
Each unit includes one share and one half-share warrant. The whole warrants are exercisable at $0.35 each for the first year, $0.50 for the second year and $0.65 for the third year.
Strata Partners, LLC was the placement agent.
Based in Spokane, Wash., Little Squaw is a gold exploration company.
| Issuer: | Little Squaw Gold Mining Co.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | $1.4 million
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| Units: | 5.6 million
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| Price: | $0.25
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | $0.35 for the first year, $0.50 for the second year, $0.65 for the third year
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| Placement agent: | Strata Partners, LLC
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| Settlement date: | Feb. 24
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| Stock symbol: | OTCBB: LITS
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| Stock price: | $0.48 at close Feb. 24
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