By Laura Lutz
Washington, Dec. 14 - Triex Minerals Corp. settled two previously announced private placements, one brokered and one non-brokered, for total proceeds of C$13,011,825, an increase over the planned total size of C$12,138,750.
In the brokered offering, the company sold 1 million flow-through shares at C$4.15 per share and 1.75 million units of one share and one half-share warrant at C$3.75 per unit. In total, the company raised C$10,712,500 from the brokered placement.
The whole warrants associated with the units are exercisable at C$4.25 each for 18 months. The expiry of the warrants may be accelerated to 30 days if the company's stock trades above C$5.25 for more than 20 consecutive trading days any time four months after closing.
This offering was conducted through a syndicate of agents led by Wellington West Capital Markets Inc. and including Dundee Securities Corp., Toll Cross Securities Inc. and Sprott Securities Inc.
The non-brokered placement included 128,000 flow-through shares and 471,500 units on the same terms as in the brokered offering for total proceeds of C$2,299,325.
Both deals were announced on Nov. 27. The brokered offering priced as a C$10,337,500 sale of 1 million flow-through shares and 1.65 million units. The non-brokered offering priced as a C$1,801,250 sale of 50,000 flow-through shares and 425,000 units.
Proceeds from the flow-through shares will be used for Canadian exploration expenses. Proceeds from the units will be used for working capital.
Triex, based in Vancouver, B.C., is a uranium exploration company.
Brokered placement
| Issuer: | Triex Minerals Corp.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$10,712,500
|
| Placement agents: | Wellington West Capital Markets Inc. (lead), Dundee Securities Corp., Toll Cross Securities Inc., Sprott Securities Inc.
|
| Pricing date: | Nov. 27
|
| Settlement date: | Dec. 14
|
| Stock symbol: | TSX Venture: TXM
|
| Stock price: | C$4.10 at close Nov. 24
|
|
|
| Flow-through shares
|
| Shares: | 1 million
|
| Price: | C$4.15
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 1.75 million
|
| Price: | C$3.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$4.25
|
|
|
| Non-brokered placement
|
| Issuer: | Triex Minerals Corp.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$2,299,325
|
| Placement agents: | Non-brokered
|
| Pricing date: | Nov. 27
|
| Settlement date: | Dec. 13
|
| Stock symbol: | TSX Venture: TXM
|
| Stock price: | C$4.10 at close Nov. 24
|
|
|
| Flow-through shares
|
| Shares: | 128,000
|
| Price: | C$4.15
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 471,500
|
| Price: | C$3.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$4.25
|
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