By Devika Patel
Knoxville, Tenn., June 5 - Armistice Resources Corp. said it will conduct a brokered private placement of stock and units for C$4 million.
The company plans to sell flow-through common shares at C$0.40 apiece.
Armistice also will sell units of one common share and one half-share warrant at C$0.35 per unit. Each whole warrant will be exercisable at C$0.45 for 18 months.
The warrants may expire sooner if the company's shares close above C$0.70 for 30 consecutive trading days.
Settlement is expected June 13. D & D Securities Co. is the agent.
Armistice is an exploration company based in Toronto.
| Issuer: | Armistice Resources Corp.
|
| Issue: | Flow-through common shares, units of one common share and one half-share warrant
|
| Amount: | C$4 million
|
| Agent: | D & D Securities Co.
|
| Pricing date: | June 5
|
| Settlement date: | June 13
|
| Stock symbol: | Toronto: AZ
|
| Stock price: | C$0.45 at close June 4
|
|
|
| Shares
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| Price: | C$0.40
|
| Warrants: | No
|
|
|
| Units
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
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