By Devika Patel
Knoxville, Tenn., July 22 - Mahdia Gold Corp. said it plans a C$2 million private placement of units.
The company will sell 10 million units of one common share and one half-share warrant at C$0.20 per unit. Each whole two-year warrant will be exercisable at C$0.40.
Proceeds will be used for property acquisitions and working capital purposes.
Mahdia, formerly known as Wintercrest Resources Ltd., is a Mississauga, Ont., mineral rights holder of gold-bearing properties.
Issuer: | Mahdia Gold Corp.
|
Issue: | Units of one flow-through common share and one half-share warrant
|
Amount: | C$2 million
|
Units: | 10 million
|
Price: | C$0.20
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.40
|
Pricing date: | July 22
|
Stock symbol: | Canada: MGD
|
Stock price: | C$0.16 at close July 22
|
© 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.