Non-brokered offering will finance general working capital purposes
By Devika Patel
Knoxville, Tenn., March 9 - Takara Resources Inc. said it will conduct a C$1 million non-brokered private placement of units.
The company will sell units of one common share and one warrant at C$0.05 per unit.
Each warrant is exercisable at C$0.10 for two years. The strike price is an 81.82% premium to the March 8 closing share price of C$0.055.
Proceeds will be used for general working capital purposes.
Based in Toronto, Takara is a gold explorer.
| Issuer: | Takara Resources Inc.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$1 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | March 9
|
| Stock symbol: | TSX Venture: TKK
|
| Stock price: | C$0.055 at close March 8
|
| Market capitalization: | C$5.22 million
|
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