By Devika Patel
Knoxville, Tenn., Oct. 9 - Aquiline Resources Inc. said it will take in C$10 million in a non-brokered private placement of units.
The company will sell 4 million units of one common share and one warrant at C$2.50 apiece. The warrants are exercisable at C$3.00 for five years.
Proceeds will be used for exploration and development.
Toronto-based Aquiline is a gold and silver exploration and development company.
| Issuer: | Aquiline Resources Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$10 million
|
| Units: | 4 million
|
| Price: | C$2.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$3.00
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 9
|
| Stock symbol: | Toronto: AQI
|
| Stock price: | C$2.82 at close Oct. 8
|
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