By Laura Lutz
Des Moines, Dec. 5 - MBMI Resources Inc. raised C$9.53 million from a slightly upsized private placement of units.
The company sold 8,285,218 units at C$1.15 apiece. Each unit consists of one common share and one warrant, and each warrant is exercisable at C$1.40 for two years.
The non-brokered deal was announced on Nov. 27 as a C$9.5 million offering of 8,260,869 units.
Proceeds will be used for exploration, development and general corporate purposes.
Located in Vancouver, B.C., MBMI is a mineral exploration and development company.
Issuer: | MBMI Resources Inc.
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Issue: | Units of one common share and one warrant
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Amount: | C$9,528,000
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Units: | 8,285,218
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Price: | C$1.15
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$1.40
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Agent: | Non-brokered
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Pricing date: | Nov. 27
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Settlement date: | Dec. 5
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Stock symbol: | TSX Venture: MBR
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Stock price: | C$1.30 at close Nov. 26
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