Broker PI Financial aims to sell flow-through stock at C$1.20 apiece
By Devika Patel
Knoxville, Tenn., Oct. 6 - West Kirkland Mining Inc. said it plans a private placement of stock. The deal's agent, PI Financial Corp., has a 15% greenshoe.
The company will sell 1,875,000 flow-through shares at C$1.20 apiece for C$2.25 million.
The price per share represents a 14.29% premium to C$1.05, the Oct. 5 closing share price.
The capital pool company is based in Vancouver, B.C.
| Issuer: | West Kirkland Mining Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$2.25 million
|
| Greenshoe: | 15%
|
| Shares: | 1,875,000
|
| Price: | C$1.20
|
| Warrants: | No
|
| Agent: | PI Financial Corp.
|
| Pricing date: | Oct. 6
|
| Stock symbol: | TSX Venture: WKM
|
| Stock price: | C$1.05 at close Oct. 5
|
| Market capitalization: | C$22.92 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.
