Non-brokered deal funds exploration; Desafio Minero is among investors
By Devika Patel
Knoxville, Tenn., May 17 - Antioquia Gold Inc. said it settled a C$2.37 million non-brokered private placement of units. The deal priced for C$2 million with a 25% greenshoe on April 27. Desafio Minero SAC invested C$1.95 million.
The company sold 23,658,000 units of one common share and one half-share warrant at C$0.10 per unit, with each whole warrant exercisable at C$0.20 for six months. The strike price is a 122.22% premium to C$0.09, the April 26 closing share price.
Of the units, 3,658,000 were part of the partially exercised greenshoe.
Proceeds will be used for exploration program at the company's Cisneros project in Colombia.
Antioquia is a gold exploration company based in Calgary, Alta.
| Issuer: | Antioquia Gold Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2,365,800 (including C$365,800 greenshoe)
|
| Units: | 23,658,000
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Six months
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Investor: | Desafio Minero SAC (for C$1.95 million)
|
| Pricing date: | April 27
|
| Settlement date: | May 17
|
| Stock symbol: | TSX Venture: AGD
|
| Stock price: | C$0.09 at close April 26
|
| Market capitalization: | C$8.06 million
|
© 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.
