Lead agent Paradigm has 15% greenshoe; proceeds slated for exploration
By Devika Patel
Knoxville, Tenn., Dec. 10 - Mega Precious Metals Inc. said it will conduct a C$1.5 million private placement of stock through a syndicate of underwriters led by Paradigm Capital Inc. There is a 15% greenshoe.
The company will sell 12.5 million flow-through common shares at C$0.12 per share on a best-efforts basis. The price per share reflects a 9.09% premium to the Dec. 9 closing share price of C$0.11.
Settlement is expected Dec. 20.
Proceeds will be used to explore and develop the company's properties in Manitoba.
Mega is a precious metals exploration company based in Thunder Bay, Ont.
| Issuer: | Fission Energy Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1.5 million
|
| Greenshoe: | 15%
|
| Shares: | 12.5 million
|
| Price: | C$0.12
|
| Warrants: | No
|
| Agents: | Paradigm Capital Inc. (lead)
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 20
|
| Stock symbol: | TSX Venture: MGP
|
| Stock price: | C$0.11 at close Dec. 9
|
| Market capitalization: | C$12.75 million
|
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