Company sells units at C$0.35, along with one-year C$0.46 warrants
By Devika Patel
Knoxville, Tenn., Feb. 28 - Wind River Energy Corp. said it settled a non-brokered private placement of units. The deal priced for C$3 million on Feb. 4 and raised C$3.3 million.
The company sold 9,428,571 units of one common share and one warrant at C$0.35 per unit, with each one-year warrant exercisable at C$0.46. The strike price reflects an 8% discount to the Feb. 3 closing share price of C$0.50.
Proceeds will be used for operations, including efforts to negotiate and acquire leases in the area covered by the Milagro project asset acquisition, and for general working capital.
Wind River Energy is a capital pool company based in Vancouver, B.C.
| Issuer: | Wind River Energy Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$3.3 million
|
| Units: | 9,428,571
|
| Price: | C$0.35
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.46
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 28
|
| Stock symbol: | TSX Venture: WVR
|
| Stock price: | C$0.46 at close Feb. 4
|
| Market capitalization: | C$10.45 million
|
© 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.
