Non-brokered deal sells 2,871,713 units of one share and one warrant
By Devika Patel
Knoxville, Tenn., Nov. 21 - Morumbi Resources Inc. said it settled a C$1.01 million non-brokered private placement of units.
The company sold 2,871,713 units of one common share and one warrant at C$0.35 per unit.
Each warrant will be exercisable at C$0.45 until Nov. 20, 2014. The strike price reflects a 36.36% premium to the Nov. 20 closing share price of C$0.33.
The oil and gas resource explorer is based in Toronto.
| Issuer: | Morumbi Resources Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,005,100
|
| Units: | 2,871,713
|
| Price: | C$0.35
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Nov. 20, 2014
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 21
|
| Stock symbol: | TSX Venture: MOC
|
| Stock price: | C$0.33 at close Nov. 20
|
| Market capitalization: | C$12.84 million
|
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