By Laura Lutz
Des Moines, Aug. 17 - Majescor Resources arranged a C$1.5 million private placement of units.
The non-brokered deal will include up to 11,538,462 units of one share and one warrant at C$0.13 each. The warrants will be exercisable at C$0.20 each for two years.
Proceeds will be used for the company's Brauna diamond project in Brazil and drilling on its Besakoa property in Madagascar as well as for working capital.
Majescor is a diamond exploration company based in Montreal.
| Issuer: | Majescor Resources
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 11,538,462
|
| Price: | C$0.13
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Placement agent: | Non-brokered
|
| Pricing date: | Aug. 17
|
| Stock symbol: | TSX Venture: MAJ
|
| Stock price: | C$0.18
|
|
|
© 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.
