By Sheri Kasprzak
New York, Nov. 30 - Ashton Mining of Canada Inc. said it intends to raise C$4,498,000 in a private placement.
The offering includes 3.46 million flow-through shares at C$1.30 each to QIT-Fer et Titane Inc.
The company is also conducting a private placement of flow-through shares for another C$4,498,000 in flow-through shares at the same price, as announced Nov. 28.
A syndicate of agents led by Canccord Capital Corp. and including Dundee Securities Corp. will place that offering.
Both deals are slated to close Dec. 20.
Proceeds will be used for exploration on the company's diamond projects in Quebec and elsewhere in Canada.
Based in Vancouver, B.C., Ashton is a diamond acquisition and exploration company.
| Issuer: | Ashton Mining of Canada Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$4,498,000
|
| Shares: | 3.46 million
|
| Price: | C$1.30
|
| Warrants: | No
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 20
|
| Stock price: | C$1.11 at close Nov. 30
|
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