Non-brokered deal will fund exploration of recently optioned project
By Devika Patel
Knoxville, Tenn., Dec. 1 - Ocean Park Ventures Corp. said it will conduct a non-brokered private placement of stock. The deal will raise C$2.04 million.
The company will sell 3,296,703 flow-through common shares at C$0.55 per share. The price per share is a 17.02% premium to the Nov. 30 closing share price of C$0.47.
Proceeds will be used for exploration on the Trapper Gold Project, which was recently optioned by the company.
Based in Vancouver, B.C., Ocean Park is a copper and gold mining company.
| Issuer: | Ocean Park Ventures Corp.
|
| Issue: | Flow-through common stock
|
| Amount: | C$2,035,000
|
| Shares: | 3.7 million
|
| Price: | C$0.55
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 1
|
| Stock symbol: | TSX Venture: OCP
|
| Stock price: | C$0.45 at close Dec. 1
|
| Market capitalization: | C$10.96 million
|
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