By Sheri Kasprzak
New York, Oct. 5 - Messina Minerals Inc. said it has wrapped its previously announced brokered and non-brokered private placements for C$4,171,550.
In the brokered offering, the company sold 2,308,000 flow-through shares at C$1.65 each through placement agents Pacific International Securities Inc. and Dundee Securities Corp.
In the non-brokered offering, the company issued 220,212 flow-through shares under the same terms.
The offerings were first announced Sept. 6. The brokered deal was originally comprised of 2.73 million shares and the non-brokered deal of 300,000 shares under the same terms.
Vancouver, B.C.-based Messina, a mineral exploration company, will use proceeds for drilling its new Boomerang zinc-copper-lead-gold-silver discovery and for other exploration expenses on its Newfoundland projects.
Brokered offering
| Issuer: | Messina Minerals Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$3,808,200
|
| Shares: | 2,308,000
|
| Price: | C$1.65
|
| Warrants: | No
|
| Agents: | Pacific International Securities Inc. and Dundee Securities Corp.
|
| Pricing date: | Sept. 6
|
| Settlement date: | Oct. 5
|
| Stock price: | C$1.46 at close Sept. 6
|
| Stock price: | C$1.40 at close Oct. 5
|
|
|
| Non-brokered offering
|
| Issuer: | Messina Minerals Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$363,349
|
| Shares: | 220,212
|
| Price: | C$1.65
|
| Warrants: | No
|
| Pricing date: | Sept. 6
|
| Settlement date: | Oct. 5
|
| Stock price: | C$1.46 at close Sept. 6
|
| Stock price: | C$1.40 at close Oct. 5
|
|
|
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