New Issue: Wildcat settles final tranche of units, shares sale for C$492,700

By Devika Patel

Knoxville, Tenn., June 23 - Wildcat Exploration Ltd. said it settled the third and final tranche of a non-brokered private placement of units and stock for C$492,700. It raised a total of C$1.4 million.

The deal priced for C$1 million on April 25 and the company took in C$291,500 in the first tranche on May 7; it raised C$615,800 in the second tranche on June 11 and lifted the deal to C$1.2 million.

The company sold 2,415,000 units at C$0.10 per unit for C$241,500 and 500,000 flow-through shares at C$0.10 apiece for C$50,000 in the first tranche. It sold 4,333,000 units and 1,825,000 flow-through shares in the second tranche and 4,927,000 units in the last tranche.

Each unit is comprised of 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$1.4 million
Agent:	Non-brokered
Pricing date:	April 25
Upsized:	June 11
Settlement date:	May 7 (for C$291,500), June 11 (for C$615,800), June 23 (for C$492,700)
Stock symbol:	TSX Venture: WEL
Stock price:	C$0.12 at close April 21
Units
Amount:	C$1,167,500
Units:	11,675,000
Price:	C$0.10
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.20
Flow-through shares
Amount:	C$232,500
Shares:	2,325,000
Price:	C$0.10
Warrants:	No

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