Non-brokered deal, conducted at C$1.65 per share, finances exploration
By Devika Patel
Knoxville, Tenn., Dec. 9 – Wesdome Gold Mines Ltd. said it will conduct a C$3 million non-brokered private placement of stock.
The company will sell 1,818,182 flow-through common shares at C$1.65 apiece. The price per share is a 25.95% premium to C$1.31, the Dec. 8 closing share price.
Settlement is expected Dec. 18.
Proceeds will be used for exploration.
M Partners Inc. and Dundee Securities Ltd. will receive a 3.5% cash fee.
Olivut is a Toronto-based diamond exploration company.
| Issuer: | Wesdome Gold Mines Ltd.
|
| Issue: | Flow-through common shares, common shares
|
| Amount: | C$3 million
|
| Shares: | 1,818,182
|
| Price: | C$1.65
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 18
|
| Stock symbol: | Toronto: WDO
|
| Stock price: | C$1.31 at close Dec. 8
|
| Market capitalization: | C$149.92 million
|
© 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.
