Financing with Stonehouse sells shares, warrants at C$0.11 per unit
By Devika Patel
Knoxville, Tenn., Jan. 10 - Abzu Gold Ltd. said it settled a C$2.5 million private placement of units with Stonehouse Construction Pte Ltd.
The company sold 22,727,273 units of one common share and one warrant at C$0.11 per unit.
Each warrant is exercisable at C$0.125 for one year. The strike price is a 56.25% premium to the Jan. 9 closing share price of C$0.08.
Based in Vancouver, B.C., Abzu is a gold explorer.
| Issuer: | Abzu Gold Ltd.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$2.5 million
|
| Units: | 22,727,273
|
| Price: | C$0.11
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.125
|
| Investor: | Stonehouse Construction Pte Ltd.
|
| Settlement date: | Jan. 10
|
| Stock symbol: | TSX Venture: ABS
|
| Stock price: | C$0.08 at close Jan. 9
|
| Market capitalization: | C$5.22 million
|
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