Company offers units at C$0.40 each to Gold Fields Exploration in deal
By Devika Patel
Knoxville, Tenn., July 24 - Orsu Metals Corp. announced it settled a C$10 million private placement of units with Gold Fields Exploration BV.
The company sold 25 million units of one common share and one half-share warrant at C$0.40 per unit.
Each whole three-year warrant is exercisable at C$0.50. The strike price is a 900% premium to the July 23 closing share price of C$0.05.
Based in London, Orsu Metals is a base and precious metals exploration and development company.
| Issuer: | Orsu Metals Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$10 million
|
| Units: | 25 million
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.50
|
| Investor: | Gold Fields Exploration BV
|
| Settlement date: | July 24
|
| Stock symbol: | Toronto: OSU
|
| Stock price: | C$0.05 at close July 23
|
| Market capitalization: | C$9.46 million
|
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