By Sheri Kasprzak
New York, April 19 - Minterra Resource Corp. has planned a C$3.5 million private placement.
The deal includes up to 14 million units of one share and one half-share warrant.
Each whole warrant is exercisable at C$0.30 for two years.
Bolder Investment Partners, Ltd. is the placement agent.
The proceeds will be used for drilling on the company's Elder Creek and Eden gold projects in Nevada as well as for continued exploration on the Golden Snow and Agate Pass gold projects. The rest will be used for general corporate purposes.
Located in Vancouver, B.C., Minterra is a gold exploration company.
| Issuer: | Minterra Resource Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$3.5 million
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| Units: | 14 million
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| Price: | C$0.25
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.30
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| Placement agent: | Bolder Investment Partners, Ltd.
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| Pricing date: | April 18
|
| Stock symbol: | TSX Venture: MTR
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| Stock price: | C$0.285 at close April 18
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