By Laura Lutz
Washington, Jan. 29 - Tri Origin Exploration Ltd. arranged a C$2 million private placement of units with Sprott Asset Management.
The company plans to sell 2 million units of one share and one warrant at C$1.00 per unit. Each warrant will be exercisable at C$1.25 for 15 months.
Proceeds will be used to advance exploration at the company's projects in Ontario and for general corporate purposes.
Tri Origin is a resource exploration company based in Markham, Ont.
| Issuer: | Tri Origin Exploration Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2 million
|
| Units: | 2 million
|
| Price: | C$1.00
|
| Warrants: | One per unit
|
| Warrant expiration: | 15 months
|
| Warrant strike price: | C$1.25
|
| Investor: | Sprott Asset Management
|
| Pricing date: | Jan. 29
|
| Stock symbol: | TSX Venture: TOE
|
| Stock price: | C$0.96 at close Jan. 26
|
© 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.
