Deal conducted by agent syndicate led by Secutor, including Canaccord
By Devika Patel
Knoxville, Tenn., Dec. 20 - Treasury Metals Inc. said it took in C$3.33 million in a private placement of stock. The deal priced on Dec. 4 and was increased to C$3.35 million from C$2.5 million on Dec. 18.
The company sold 8,315,500 flow-through common shares at C$0.40 per share. The price per share is a 5.26% premium to the Dec. 3 closing share price of C$0.38.
The offering was completed by a syndicate of agents led by Secutor Capital Management Corp. and including Canaccord Genuity Corp.
Proceeds will be used to advance the company's Goliath Gold Project and for general working capital purposes.
Toronto-based Treasury Metals is a gold explorer.
| Issuer: | Treasury Metals Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3,326,200
|
| Units: | 8,315,500
|
| Price: | C$0.40
|
| Warrants: | No
|
| Agents: | Secutor Capital Management Corp. (lead), Canaccord Genuity Corp.
|
| Pricing date: | Dec. 4
|
| Upsized: | Dec. 18
|
| Settlement date: | Dec. 20
|
| Stock symbol: | Toronto: TML
|
| Stock price: | C$0.38 at close Dec. 3
|
| Market capitalization: | C$24.16 million
|
© 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.
