By Sheri Kasprzak
Atlanta, Feb. 14 - Augusta Resource Corp. said it will raise up to C$2 million in a private placement.
The company plans to sell up to 2 million units at C$1 each. The units are comprised of one share and one half-share warrant.
The whole warrants allow for an additional share at C$1.25 each for one year.
Based in Vancouver, B.C., Augusta is a diamond exploration company. The proceeds from the private placement will be used for its Mount Hamilton project and for general working capital.
| Issuer: | Augusta Resource Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2 million
|
| Units: | 2 million |
|
| Price: | C$1
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.25
|
| Pricing date: | Feb. 11
|
| Stock price: | C$1.28 at close Feb. 11
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
