By Laura Lutz
Des Moines, Nov. 1 - Ascendant Copper Corp. negotiated a private placement of shares for C$5.2 million.
The company plans to sell 8 million common shares at C$0.65 each.
Haywood Securities Inc. will act as agent for the deal.
Proceeds will be used for exploration and development of the company's Chauca project, initiation of an Ecuador-wide program based on recent exploration data, exploration at its Telimbela project and an agricultural program on Junin land holdings.
Ascendant is a mineral company based in Vancouver, B.C.
| Issuer: | Ascendant Copper Corp.
|
| Issue: | Shares
|
| Amount: | C$5.2 million
|
| Shares: | 8 million
|
| Price: | C$0.65
|
| Warrants: | No
|
| Agent: | Haywood Securities Inc.
|
| Pricing date: | Oct. 31
|
| Stock symbol: | Toronto: ACX
|
| Stock price: | C$0.75 at close Oct. 31
|
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