Offering sells units of common shares with warrants at C$0.13 per unit
By Devika Patel
Knoxville, Tenn., Aug. 18 – Aquila Resources Inc. said it will conduct a C$1 million non-brokered private placement of units.
The company will sell units of one common share and one warrant at C$0.13 per unit.
Each warrant will be exercisable at C$0.15 for three years. The strike price reflects a 7.14% premium to the Aug. 15 closing share price of C$0.14.
Settlement is expected Sept. 15.
Proceeds will be used for exploration and development of Back Forty and for general working capital purposes.
Toronto-based Aquila is a copper, gold and silver exploration company.
Issuer: | Aquila Resources Inc.
|
Issue: | Units of one common share and one warrant
|
Amount: | C$1 million
|
Price: | C$0.13
|
Warrants: | One warrant per unit
|
Warrant expiration: | Three years
|
Warrant strike price: | C$0.15
|
Agent: | Non-brokered
|
Pricing date: | Aug. 18
|
Settlement date: | Sept. 15
|
Stock symbol: | Toronto: AQA
|
Stock price: | C$0.14 at close Aug. 15
|
Market capitalization: | C$27.47 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.