By Devika Patel
Knoxville, Tenn., April 27 - Takara Resources Inc. said it raised C$1.89 million in the first tranche of a C$3 million private placement of units. The deal priced on April 8.
The company is selling the units at C$0.14 apiece on a commercially best efforts basis. It sold 13,259,850 units in this tranche.
Each unit consists of one common share and a warrant. Each warrant is exercisable at C$0.20 for one year.
Versant Partners Inc. is the agent.
Based in Toronto, Takara is a mineral explorer.
| Issuer: | Takara Resources Inc.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$3 million
|
| Price: | C$0.14
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.20
|
| Agent: | Versant Partners Inc.
|
| Pricing date: | April 8
|
| Settlement date: | April 27 (for C$1,885,119)
|
| Stock symbol: | TSX Venture: TKK
|
| Stock price: | C$0.07 at close April 8
|
| Market capitalization: | C$6.54 million
|
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