By Sheri Kasprzak
Atlanta, Jan. 12 - Vannessa Ventures Ltd. closed the final C$462,240 tranche of a C$2 million private placement for C$462,240.
The company sold 1,444,500 units at C$0.32 each.
The units are comprised of one share and one warrant. The warrants allow for an additional share at C$0.40 each for two years.
On Dec. 27, the company closed the first tranche of the deal for C$1,537,760.
Based in Calgary, Alta., Vannessa is a gold and diamond acquisition, exploration, development and mining company. It plans to use the proceeds from the deal for exploration and development work in Guyana and Costa Rica and for general working capital.
| Issuer: | Vannessa Ventures Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$462,240
|
| Units: | 1,444,500
|
| Price: | C$0.32
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Announcement date: | Dec. 1
|
| Settlement date: | Jan. 11
|
| Stock price: | C$0.40 at close Dec. 1
|
| Stock price: | C$0.40 at close Jan. 11
|
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