Proceeds used for expenses at the Oracle Ridge Copper Mine project
By Devika Patel
Knoxville, Tenn., Jan. 19 - Oracle Mining Corp. said it plans a C$9.75 million private placement of stock.
The company will sell 7.8 million common shares at C$1.25 per share. The price per share is identical to the Jan. 18 closing share price.
Proceeds will be used for expenses at the Oracle Ridge Copper Mine project and general corporate purposes.
Oracle is a copper mining company in Vancouver, B.C.
| Issuer: | Oracle Mining Corp.
|
| Issue: | Common shares
|
| Amount: | C$9.75 million
|
| Shares: | 7.8 million
|
| Price: | C$1.25
|
| Warrants: | No
|
| Pricing date: | Jan. 19
|
| Stock symbol: | Toronto: OMN
|
| Stock price: | C$1.28 at close Jan. 19
|
| Market capitalization: | C$40.24 million
|
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