By Laura Lutz
Des Moines, Sept. 18 - Mantis Mineral Corp. arranged a private placement of units for up to C$1.2 million, according to a company news release.
Mantis also plans to seek shareholder approval of a one-for-five share consolidation at a special meeting of shareholders on Wednesday, according to the release.
The private placement will consist of units of one non flow-through post-consolidation share and one flow-through post-consolidation share.
The units will be priced at C$0.20 each.
Citadel Securities Inc. will act as agent.
Settlement is expected on Sept. 30.
Mantis is a Toronto-based exploration company with gold and base metal properties.
| Issuer: | Mantis Mineral Corp.
|
| Issue: | Units of one non flow-through share and one flow-through share (following one-for-five share consolidation)
|
| Amount: | C$1.2 million
|
| Units: | 6,000,000
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Citadel Securities Inc.
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 30
|
| Stock symbol: | CNQ: MINT
|
| Stock price: | C$0.035 at close Sept. 17
|
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