By Devika Patel
Knoxville, Tenn., July 22 - Atacama Minerals Corp. said it will conduct an C$80 million private placement of stock.
The company will sell 80 million common shares at C$1.00 per share on a best efforts basis.
The deal will be conducted by a syndicate co-led by GMP Securities LP and Cormark Securities Inc. and including Haywood Securities Inc.
Proceeds will be used for development of the company's nitrate fertilizer operations and general working capital purposes.
Based in Vancouver, B.C., Atacama is a mineral exploration company.
| Issuer: | Atacama Minerals Corp.
|
| Issue: | Common stock
|
| Amount: | C$80 million
|
| Shares: | 80 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Agents: | GMP Securities LP, Cormark Securities Inc. (co-leads), Haywood Securities Inc.
|
| Pricing date: | July 22
|
| Stock symbol: | TSX Venture: AAM
|
| Stock price: | C$1.07 at close July 21
|
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