By Sheri Kasprzak
New York, Nov. 15 - Aquiline Resources Inc. closed two private placements - a brokered one for C$11,000,040 and a non-brokered one for C$11,073,000.
In the brokered deal, the company sold 2,365,600 shares at C$4.65 apiece.
The shares were placed through a syndicate of agents led by Sprott Securities Inc. and including Canaccord Capital Corp. and Pacific International Securities Inc.
In the non-brokered deal, the company sold 2,381,290 shares at C$4.65 each.
The offerings priced Oct. 30 with a total size of C$20 million.
The company originally planned to sell 2,150,538 shares in each offering.
Proceeds will be used for exploration and development on the company's Calcatreu project in Rio Negro Province, Argentina, as well as for exploration and development at the Navidad project in the Chubut Province, Argentina. The remainder will be used for general corporate purposes and to reimburse IMA Exploration Inc. for costs related to a project development agreement between the two companies.
Toronto-based Aquiline is a gold and silver exploration and development company.
Brokered placement
| Issuer: | Aquiline Resources Inc.
|
| Issue: | Stock
|
| Amount: | C$11,000,040
|
| Shares: | 2,365,600
|
| Price: | C$4.65
|
| Warrants: | No
|
| Placement agents: | Sprott Securities Inc. (lead), Canaccord Capital Corp., Pacific International Securities Inc.
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 15
|
| Stock symbol: | Toronto: AQI
|
| Stock price: | C$4.84 at close Oct. 30
|
| Stock price: | C$6.29 at close Nov. 15
|
|
|
| Non-brokered placement
|
| Issuer: | Aquiline Resources Inc.
|
| Issue: | Stock
|
| Amount: | C$11,073,000
|
| Shares: | 2,381,290
|
| Price: | C$4.65
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 15
|
| Stock symbol: | Toronto: AQI
|
| Stock price: | C$4.84 at close Oct. 30
|
| Stock price: | C$6.29 at close Nov. 15
|
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