By Laura Lutz
Des Moines, May 15 - Baffinland Iron Mines Corp. upsized its previously announced private placement of shares to C$49,517,866.
The company now plans to sell 15,973,505 flow-through shares at C$3.10 each.
Raymond James Ltd. will lead a syndicate of agents that will also include BMO Capital Markets; GMP Securities LP; National Bank Financial Inc.; and Loewen, Ondaatje, McCutcheon Ltd.
The deal priced on May 15 as a C$25 million offering of 8,064,516 flow-through shares. Settlement is expected on June 5.
Proceeds will be used for exploration.
Baffinland is a mining company based in Toronto.
| Issuer: | Baffinland Iron Mines Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$49,517,866
|
| Shares: | 15,973,505
|
| Price: | C$3.10
|
| Warrants: | No
|
| Agents: | Raymond James Ltd. (lead); BMO Capital Markets; GMP Securities LP; National Bank Financial Inc.; Loewen, Ondaatje, McCutcheon Ltd.
|
| Pricing date: | May 15
|
| Upsized: | May 16
|
| Settlement date: | June 5
|
| Stock symbol: | Toronto: BIM
|
| Stock price: | C$2.63 at close May 15
|
© 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.
