Deal offers 5 million units at C$0.20 apiece with two-year warrants
By Devika Patel
Knoxville, Tenn., June 9 - Long Harbour Exploration Corp. said it amended the terms of a C$1 million non-brokered private placement of units.
The company will now sell 5 million units of one common share and one two-year warrant at C$0.20 apiece. Each warrant will be exercisable at C$0.30 in the first year and at C$0.40 in the second. The strike prices reflect 42.86% and 90.48% premiums to the June 8 closing share price of C$0.21.
Long Harbour is a uranium exploration company based in Vancouver, B.C.
| Issuer: | Long Harbour Exploration Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 5 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30 in the first year, C$0.40 in the second
|
| Agent: | Non-brokered
|
| Revised: | June 9
|
| Stock symbol: | TSX Venture: LHC
|
| Stock price: | C$0.21 at close June 8
|
| Market capitalization: | C$1.95 million
|
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