By Sheri Kasprzak
Atlanta, April 20 - August Resource Corp. said it has closed two non-brokered private placements totaling C$5,042,750.
In the first offering, the company sold 1,954,250 units at C$1.00 each.
The units include one share and one half-share warrant. The full warrants provide for an additional share at C$1.25 each for one year.
In the second offering, the company sold 1,544,250 units at C$2.00 each.
The units are comprised of one share and one half-share warrant. The whole warrants allow for an additional share at C$2.50 each for one year.
Based in Vancouver, B.C., Augusta Resource is a mineral and gold exploration company. The proceeds will be used for exploration.
First issue
| Issuer: | August Resource Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1,954,250
|
| Units: | 1,954,250
|
| Price: | C$1.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.25
|
| Settlement date: | April 19
|
| Stock price: | C$1.68 at close April 19
|
|
|
| Second issue
|
| Issuer: | August Resource Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3,088,500
|
| Units: | 1,544,250
|
| Price: | C$2.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$2.50
|
| Settlement date: | April 19
|
| Stock price: | C$1.68 at close April 19
|
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