By Devika Patel
Knoxville, Tenn., March 12 - Apoquindo Minerals Inc. said it will sell an additional 12,352,940 units in a non-brokered offering for C$10.5 million. The company announced plans for a brokered C$20 million private placement of units with a C$3 million greenshoe on Feb. 26.
In the brokered deal, the company will sell 23.53 million units at C$0.85 apiece, the same price as the non-brokered deal.
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 for the brokered deal. Settlement for both offerings 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$30,500,500
|
| Price: | C$0.85
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Four years
|
| Warrant strike price: | C$1.00
|
| Settlement date: | March 17
|
| Stock symbol: | TSX Venture: AQM
|
| Stock price: | C$0.82 at close Feb. 25, C$0.84 at close March 11
|
| Market capitalization: | C$38 million
|
|
|
| Brokered deal
|
| Amount: | C$20,000,500
|
| Greenshoe: | C$3,000,500
|
| Units: | 23.53 million
|
| Pricing date: | Feb. 26
|
| Agent: | Casimir Capital LP (lead)
|
|
|
| Non-brokered deal
|
| Amount: | C$10.5 million
|
| Units: | 12,352,940
|
| Pricing date: | March 12
|
| Agent: | Non-brokered
|
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