New Issue: Baja Mining closes C$15 million brokered portion of C$45 million private placement of units

By Devika Patel

Knoxville, Tenn., Oct. 16 - Baja Mining Corp. announced it has completed the second, brokered tranche of a C$45,039,900 private placement of units, taking in C$15,000,900. The tranche was fully subscribed.

The first non-brokered tranche closed on Sept. 25, raising about C$30 million.

The company sold a total 24,215,000 units at C$1.86 apiece. In the non-brokered tranche, 16,150,000 units were sold. A further 8,065,000 units were sold by Versant Partners in this tranche.

Each unit consists of one common share and 0.65 of a share warrant. Each whole warrant is exercisable at C$2.50 for five years.

Based in Vancouver, B.C., Baja is a mineral exploration company.

Issuer:	Baja Mining Corp.
Issue:	Units of one common share and 0.65 of a share warrant
Amount:	C$45,039,900
Units:	24,215,000
Price:	C$1.86
Warrants:	0.65 warrant per unit
Warrant strike price:	C$2.50
Warrant expiration:	Five years
Stock symbol:	Toronto: BAJ
Stock price:	C$2.02 at close Sept. 24, C$2.20 at close Oct. 16
First tranche
Amount:	C$30 million
Units:	16,150,000
Agent:	Non-brokered
Settlement date:	Sept. 25
Second tranche
Amount:	C$15 million
Units:	8,065,000
Agent:	Versant Partners
Settlement date:	Oct. 16

© 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.