Non-brokered deal consists of 6 million shares sold at C$0.25 apiece
By Devika Patel
Knoxville, Tenn., Sept. 9 – Oceanus Resources Corp. said on Thursday that it plans a C$1.5 million non-brokered private placement of stock.
The company will sell 6 million common shares at C$0.25 apiece. The price per share reflects a 10.71% discount to the Sept. 7 closing share price of C$0.28.
Proceeds will be used for exploration at Oceanus’ El Tigre Property in Sonora, Mexico, and for general working capital purposes.
The gold and base metals exploration company is based in Halifax, N.S.
| Issuer: | Oceanus Resources Corp.
|
| Issue: | Common stock
|
| Amount: | C$1.5 million
|
| Shares: | 6 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 8
|
| Stock symbol: | TSX Venture: OCN
|
| Stock price: | C$0.28 at close Sept. 7
|
| Market capitalization: | C$26.88 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.
