By Laura Lutz
Des Moines, March 13 - Waratah Coal Inc. plans to conduct a private placement of units for up to C$25 million.
The company intends to sell 7,936,508 units of one share and one half-share warrant at C$3.15 per unit. Each whole warrant will be exercisable at C$4.50 for two years.
Jennings Capital Inc., the lead agent, has a greenshoe for C$5 million.
Waratah is a coal mining company with headquarters in Brisbane, Australia.
| Issuer: | Waratah Coal Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$25 million
|
| Greenshoe: | C$5 million
|
| Units: | 7,936,508
|
| Price: | C$3.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$4.50
|
| Agent: | Jennings Capital Inc. (lead)
|
| Pricing date: | March 13
|
| Stock symbol: | TSX Venture: WCI
|
| Stock price: | C$3.10 at close March 13
|
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