Deal sells 1.2 million common shares at $1.25 apiece, a 3.85% discount
By Devika Patel
Knoxville, Tenn., Sept. 11 - White Mountain Titanium Corp. settled a $1.5 million private placement of stock on Sept. 7, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1.2 million common shares at $1.25 apiece, which is a 3.85% discount to the Sept. 6 closing share price of $1.30.
Vancouver, B.C.-based White Mountain holds mining concessions on the Cerro Blanco property consisting of nine fully constituted exploitation mining concessions and 24 exploitation mining concessions in the process of being constituted.
| Issuer: | White Mountain Titanium Corp.
|
| Issue: | Common stock
|
| Amount: | $1.5 million
|
| Shares: | 1.2 million
|
| Price: | $1.25
|
| Warrants: | No
|
| Settlement date: | Sept. 7
|
| Stock symbol: | OTCBB: WMTM
|
| Stock price: | $1.30 at close Sept. 6
|
| Market capitalization: | $74.35 million
|
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