By Laura Lutz
Des Moines, Oct. 19 - Trigon Exploration Canada Ltd. changed the terms of its previously announced C$1.2 million private placement of units.
The company now plans to sell up to 5,454,545 units at C$0.22 apiece. Each unit will consist of one common share and one non-transferable half-share warrant.
Each whole warrant will be exercisable at C$0.30 for 18 months.
The deal priced as a sale of between 4 million and 4.8 million units at C$0.25 apiece on Sept. 27.
HDL Capital Corp. will act as lead investment banker for the deal, and it may create and manage a syndicate of other investment bankers or brokers.
Proceeds will be used for exploration on the company's Marysvale Uranium Project in Utah and for working capital.
Trigon is a uranium company based in Kelowna, B.C.
| Issuer: | Trigon Exploration Canada Ltd.
|
| Issue: | Units of one share and one non-transferable half-share warrant
|
| Amount: | C$1.2 million
|
| Units: | 5,454,545
|
| Price: | C$0.22
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.30
|
| Manager: | HDL Capital Corp.
|
| Pricing date: | Sept. 27
|
| Amended: | Oct. 19
|
| Stock symbol: | TSX Venture: TEL
|
| Stock price: | C$0.24 at close Sept. 26
|
| Stock price: | C$0.24 at close Oct. 19
|
© 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.
