By Devika Patel
Knoxville, Tenn., May 5 - Apogee Minerals Ltd. announced it plans a non-brokered private placement of units for C$3 million.
Apogee will sell units of one common share and a warrant at C$0.40 per unit. The whole warrants are exercisable at C$0.50 for two years.
Proceeds will be used for development.
Toronto-based Apogee is a producer of silver, zinc and lead.
| Issuer: | Apogee Minerals Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$3 million
|
| Price: | C$0.40
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | May 5
|
| Stock symbol: | TSX Venture APE
|
| Stock price: | C$0.375 at close May 2
|
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