By Devika Patel
Knoxville, Tenn., Feb. 26 - Apoquindo Minerals Inc. said it plans a C$20 million private placement of units. There is a C$3 million greenshoe.
The company will sell 23.53 million units at C$0.85 apiece. Each unit consists of one common share and a half-share warrant. Each whole warrant is exercisable at C$1.00 for four years.
Casimir Capital LP is the lead agent. Settlement is expected March 17.
Proceeds will be used to advance the Zafranal porphyry Copper Gold Project and for working capital purposes.
Vancouver, B.C.-based Apoquindo is junior natural resources company.
| Issuer: | Apoquindo Minerals Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$20,000,500
|
| Greenshoe: | C$3,000,500
|
| Units: | 23.53 million
|
| Price: | C$0.85
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Four years
|
| Warrant strike price: | C$1.00
|
| Agent: | Casimir Capital LP (lead)
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 17
|
| Stock symbol: | TSX Venture: AQM
|
| Stock price: | C$0.82 at close Feb. 25
|
| Market capitalization: | C$38.9 million
|
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