Offering's proceeds earmarked for Pidgeon Molybdenum Deposit Project
By Devika Patel
Knoxville, Tenn., Nov. 4 - MPH Ventures Corp. said it will sell 20 million units at C$0.05 apiece in a non-brokered private placement.
The C$1 million in units each consist of one common share and one warrant. Each warrant is exercisable at C$0.10 for three years. The strike price is an 81.82% premium to C$0.055, the Nov. 3 closing share price.
MPH plans to use the proceeds for its Pidgeon Molybdenum Deposit Project and for general working capital.
Vancouver, B.C.-based MPH is a precious and base metals exploration company.
| Issuer: | MPH Ventures Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 20 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 4
|
| Stock symbol: | TSX Venture: MPS
|
| Stock price: | C$0.055 at close Nov. 3
|
| Market capitalization: | C$3.39 million
|
© 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.
