E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/2/2007 in the Prospect News PIPE Daily.

New Issue: United Carina completes C$2 million private placement of units

By Laura Lutz

Washington, Feb. 2 - United Carina Resources Corp. closed a private placement of units for C$2 million.

The company sold 5 million units of one share and one warrant at C$0.40 per unit. That total includes 2.7 million flow-through units.

Each whole warrant is exercisable at C$0.50 until Jan. 17, 2008.

Based in Saskatoon, Sask., United Carina is a resource exploration company.

Issuer:United Carina Resources Corp.
Issue:Flow-through and non flow-through units of one share and one warrant
Amount:C$2 million
Units:5 million (2.7 million flow-through; 2.3 million non flow-through)
Price:C$0.40
Warrants:One per unit
Warrant expiration:Jan. 17, 2008
Warrant strike price:C$0.50
Settlement date:Feb. 2
Stock symbol:TSX Venture: UCA
Stock price:C$0.61 at close Feb. 2

© 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.