By Devika Patel
Knoxville, Tenn., June 20 - Ansell Capital Corp. said it plans a private placement of units for C$1.2 million.
The company will sell 8 million units at C$0.15 apiece. Each unit consists of one common share and a half-share warrant. Each whole warrant is exercisable for one year at C$0.25.
The warrants may expire sooner if the company's shares trade at or above a weighted average trading price of C$0.50 for 20 consecutive trading days. In that case, the warrants will expire 30 days after Ansell notifies holders.
Bolder Investment Partners, Ltd. is the agent.
Proceeds will be used for the acquisition of a 70% undivided interest in five mineral exploration concessions in Jalisco, Mexico.
West Vancouver, B.C.-based Ansell is a capital pool company.
| Issuer: | Ansell Capital Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1.2 million
|
| Units: | 8 million
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.25
|
| Agent: | Bolder Investment Partners, Ltd.
|
| Pricing date: | June 20
|
| Stock symbol: | TSX Venture: ACP.P
|
| Stock price: | C$0.15 at close June 19
|
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