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