By Susanna Moon
Chicago, July 5 - Artha Resources Corp. said it plans to raise C$1,300,250 in a non-brokered private placement of units.
The company plans to issue up to 3,715,000 units at C$0.35 each, with units consisting of one share and one warrant. Warrants are exercisable at C$0.65 per share for two years.
Proceeds will be used for exploration and development, and for general corporate purposes.
Artha is a capital pool company based in Vancouver, B.C.
| Issuer: | Artha Resources Corp.
|
| Issue: | Units of stock and warrants
|
| Amount: | C$1,300,250
|
| Units: | 3.715 million
|
| Price: | C$0.35
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.65
|
| Placement agent: | Non-brokered
|
| Announcement date: | June 20
|
| Pricing date: | July 4
|
| Stock symbol: | TSX Venture: AHC.P
|
| Stock price: | C$0.395 at close June 20
|
| Stock price: | C$0.395 at close July 4
|
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