By Laura Lutz
Washington, Dec. 20 - Metallica Resources Inc. settled its previously announced private placement of units for C$34,517,250, including a greenshoe for C$4,502,250.
The company sold 7,670,500 units of one share and one half-share warrant at C$4.50 per unit. Each whole warrant was exercisable at C$5.50 for three years.
The deal priced on Dec. 4 as a C$30.015 million sale of 6.67 million units with a greenshoe for 15%.
Canaccord Capital Corp. acted as underwriter for the deal.
Proceeds will be used for work at the company's Cerro San Pedro gold project as well as for exploration and working capital.
Toronto-based Metallica is a precious and base metal exploration and development company.
| Issuer: | Metallica Resources Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$34,517,250
|
| Units: | 7,670,500 (includes greenshoe for 1,000,500 units)
|
| Price: | C$4.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$5.50
|
| Underwriter: | Canaccord Capital Corp.
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 20
|
| Stock symbol: | Toronto: MR
|
| Stock price: | C$4.69 at close Dec. 1
|
| Stock price: | C$4.46 at close Dec. 20
|
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