By Sheri Kasprzak
Atlanta, Jan. 18 - Apogee Minerals Ltd. will raise up to C$3 million in a non-brokered private placement.
The offering includes up to 7.5 million units at C$0.40 each. The units include one share and one half-share warrant.
The whole warrants allow for an additional share at C$0.60 each for 18 months.
Based in Toronto, Apogee is a mineral exploration and development company.
Issuer: | Apogee Minerals Ltd.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$3 million (maximum)
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Units: | 7.5 million units (maximum)
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Price: | C$0.40
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Warrants: | One half-share warrant per unit
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Warrant expiration: | 18 months
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Warrant strike price: | C$0.60
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Pricing date: | Jan. 18
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Stock price: | C$0.45 at close Jan. 18
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