Jennings assists with deal on a reasonable commercial efforts basis
By Devika Patel
Knoxville, Tenn., Feb. 18 - Mira Resources Corp. said it completed a private placement of units via agent Jennings Capital Inc. The deal priced for C$15 million with a C$5 million greenshoe on Nov. 18 and raised the full C$20 million.
The company sold 66,666,667 units of one common share and one half-share warrant at C$0.30 per unit on a reasonable commercial efforts basis. Of the units, 16,666,667 were part of the fully exercised greenshoe.
Each whole warrant will be exercisable at C$0.40 for 18 months. The strike price reflects a 29.03% premium to the Nov. 17 closing share price of C$0.31.
Mira Resources is a mineral explorer based in Vancouver, B.C.
| Issuer: | Mira Resources Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$20 million (including C$5 million greenshoe)
|
| Units: | 66,666,667
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.40
|
| Agent: | Jennings Capital Inc.
|
| Pricing date: | Nov. 18
|
| Settlement date: | Feb. 18
|
| Stock symbol: | TSX Venture: MRP.H
|
| Stock price: | C$0.31 at close Nov. 17
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
