By Devika Patel
Knoxville, Tenn., Jan. 8 - Tri-River Ventures Inc. said it plans a C$4.8 million non-brokered private placement of units.
The company will sell 12 million units at C$0.40 apiece. Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$0.60 for two years.
Proceeds will be used for exploration and the identification and acquisition of new mineral resource properties.
Based in Calgary, Alta., Tri-River is searching for new business operations, specifically mineral exploration opportunities and mining property acquisitions.
| Issuer: | Tri-River Ventures Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$4.8 million
|
| Units: | 12 million
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 8
|
| Stock symbol: | TSX Venture: TVR
|
| Stock price: | C$0.40 at close Jan. 7
|
| Market capitalization: | C$8.28 million
|
© 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.
