By Laura Lutz
Des Moines, March 29 - Tribute Minerals Inc. plans to conduct a private placement of non flow-through and flow-through units for up to C$4 million.
The company intends to sell up to 5,714,286 non flow-through units at C$0.35 per apiece and up to 4,444,444 flow-through units at C$0.45 apiece.
The non flow-through units will each consist of one non flow-through share and one half-share warrant. Each whole warrant from the non flow-through units will be exercisable at C$0.45 for 18 months.
Each flow-through unit will consist of one flow-through share and one half-share warrant. Each whole warrant from the flow-through shares will be exercisable for one non flow-through share at C$0.55 for 18 months.
D&D Securities Co. will act as agent.
Proceeds will be used for working capital.
Settlement is expected on April 28.
Tribute is a mineral exploration company based in Toronto.
| Issuer: | Tribute Minerals Inc.
|
| Issue: | Units of one non flow-through share and one half-share warrant; units of one flow-through share and one half-share warrant
|
| Amount: | C$4 million
|
| Agent: | D&D Securities Co.
|
| Pricing date: | March 29
|
| Settlement date: | April 28
|
| Stock symbol | TSX Venture: TBM
|
| Stock price: | C$0.30 at close March 29
|
|
|
| Non flow-through units
|
| Units: | 5,714,286
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
|
|
| Flow-through units
|
| Units: | 4,444,444
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.55
|
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