By Sheri Kasprzak
New York, Feb. 13 - Sutcliffe Resources Ltd. said it has concluded its previously announced private placement for C$2,622,675.
The company sold 4,678,500 units at C$0.55 each.
The units consist of one share and one warrant. The warrants are exercisable at C$0.75 each for two years.
The deal priced on Jan. 12 as a C$1,390,125 offering of 2,527,000 units and was upsized on Jan. 24 to C$2,535,500.
Based in Vancouver, B.C., Sutcliffe is a mineral exploration company.
Issuer: | Sutcliffe Resources Ltd.
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Issue: | Units of one share and one warrant
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Amount: | C$2,622,675
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Units: | 4,687,500
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Price: | C$0.55
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.75
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Placement agent: | Non-brokered
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Pricing date: | Jan. 12
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Upsized: | Jan. 24
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Settlement date: | Feb. 13
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Stock symbol: | TSX Venture: SR
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Stock price: | C$0.62 at close Jan. 24
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Stock price: | C$0.66 at close Feb. 13
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