By Laura Lutz
Des Moines, March 12 - Wildcat Silver Corp. increased the size of its previously announced private placement of units to C$9.3 million from C$7.725 million.
The company now plans to sell up to 12.4 million units of one share and one half-share transferable warrant at C$0.75 per unit. Each whole warrant will be exercisable at C$1.00 for one year.
The deal priced on March 7 as an offering of up to 10.3 million units.
Proceeds will be used to acquire the Hardshell property in Arizona and for working capital.
Wildcat Silver is a Vancouver, B.C.-based silver company.
| Issuer: | Wildcat Silver Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$9.3 million
|
| Units: | 12.4 million
|
| Price: | C$0.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.00
|
| Pricing date: | March 7
|
| Upsized: | March 12
|
| Stock symbol: | CNQ: WILD
|
| Stock price: | C$0.61 at close March 6
|
| Stock price: | C$1.10 at close March 12
|
© 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.
