By Devika Patel
Knoxville, Tenn., April 25 - Wildcat Exploration Ltd. said it will raise C$1 million in a non-brokered private placement of units and stock.
The company will sell flow-through shares and units at C$0.10 apiece.
Each unit comprises one common share and one warrant. Each warrant is exercisable at C$0.20 for two years.
Proceeds will be used for exploration and working capital purposes.
Wildcat is a gold and base metals exploration company based in Winnipeg, Manitoba.
| Issuer: | Wildcat Exploration Ltd.
|
| Issue: | Units of one common share and one warrant; flow-through shares
|
| Amount: | C$1 million
|
| Agent: | Non-brokered
|
| Pricing date: | April 25
|
| Stock symbol: | TSX Venture: WEL
|
| Stock price: | C$0.12 at close April 21
|
|
|
| Units
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
|
|
| Flow-through shares
|
| Price: | C$0.10
|
| Warrants: | No
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