By Sheri Kasprzak
New York, Dec. 29 - Wildcat Exploration Ltd. said it has completed the last tranche of its previously announced private placement for C$1.09 million, bringing the proceeds to C$2.7 million.
The company most recently sold 2,725,000 units at C$0.40 each.
The units include one flow-through share and one half-share warrant. The whole warrants are exercisable at C$0.70 each for one year.
The first two closings of the deal brought in C$1.61 million in proceeds from both flow-through and non flow-through units.
The non flow-through units were priced at C$0.35 each and included one share and one warrant. The warrants are exercisable at C$0.45 each for one year.
The deal was first announced as a C$2.5 million offering under the same terms on Nov. 30.
Proceeds will be used for ongoing projects at the Bissett and Snow Lake areas of Manitoba and the Foster River base metals project in Saskatchewan.
Winnipeg, Man.-based Wildcat is a mineral exploration company focused on gold and base metals.
| Issuer: | Wildcat Exploration Ltd.
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| Issue: | Flow-through units of one share and one half-share warrant
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| Amount: | C$1.09 million
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| Units: | 2,725,000
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| Price: | C$0.40
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.70
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| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 29
|
| Stock price: | C$0.38 at close Nov. 30
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| Stock price: | C$0.40 at close Dec. 29
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