By Devika Patel
Knoxville, Tenn., July 9 - MetalCorp Ltd. said it will raise C$2 million in a non-brokered private placement of stock.
The company said it will sell 2 million flow-through common shares at C$1.00 per share.
Proceeds will be used for exploration.
MetalCorp is a mineral exploration company based in Toronto.
| Issuer: | MetalCorp Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2 million
|
| Shares: | 2 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | July 9
|
| Stock symbol: | TSX Venture: MTC
|
| Stock price: | C$0.71 at close July 9
|
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