By Devika Patel
Knoxville, Tenn., Dec. 5 - Animas Resources Ltd. said it is increasing a non-brokered private placement of units to C$2.5 million. The deal priced for C$1.5 million on Nov. 28.
The company now plans to sell 2.5 million units, up from 1.5 million units, of one share and one non-transferable warrant at C$1.00 per unit. Each warrant is exercisable at C$1.50 for 18 months.
The company will use the proceeds for property acquisitions, drilling at its Santa Gertrudis property and general corporate purposes.
Animas Resources is a mineral resource company based in Vancouver, B.C.
| Issuer: | Animas Resources Ltd.
|
| Issue: | Units of one share and one non-transferable warrant
|
| Amount: | C$2.5 million
|
| Units: | 2.5 million
|
| Price: | C$1.00
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.50
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 28
|
| Upsized: | Dec. 5
|
| Stock symbol: | TSX Venture: ANI
|
| Stock price: | C$0.99 at close Nov. 28
|
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