By Susanna Moon
Chicago, June 8- Underworld Resources Inc. plans to raise C$3.25 million in a private placement of stock, issuing 3,425,000 shares at a price of C$0.95 per share, according to a press release.
The company will use the proceeds for working capital and for exploration project expenses.
The placement is non-brokered.
Underworld is a junior exploration company based in Vancouver, B.C.
Issuer Underworld Resources Inc.
| Issue: | Stock
|
| Amount: | C$3,253,750
|
| Shares: | 3,425,000
|
| Price: | C$0.95
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Announcement date: | June 7
|
| Stock symbol: | CDNX: UW
|
| Stock price: | C$1.09 at close June 5
|
|
|
© 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.
