New York, March 16 - Wildcat Silver Corp. completed an upsized private placement of units for C$9.3 million.
The deal was increased from a planned size of up to C$7.725 million.
Under the final terms, the company sold 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 offering was non-brokered.
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
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| Amount: | C$9.3 million
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| Units: | 12.4 million
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| Price: | C$0.75
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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$1.00
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| Pricing date: | March 7
|
| Settlement: | March 16
|
| Stock symbol: | CNQ: WILD
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| Stock price: | C$0.61 at close March 6
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