By Sheri Kasprzak
Atlanta, March 28 - Woodruff Capital Management Inc. said it plans to raise up to C$1.05 million in a private placement.
The company plans to sell up to 1.4 million units at C$0.75 each. The units are comprised of one share and one warrant.
The warrants allow for an additional share at C$1.10 each for two years.
The offering is expected to close April 27.
Based in Toronto, Woodruff Capital Management is a mineral acquisition company.
| Issuer: | Woodruff Capital Management Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1.05 million (maximum)
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| Units: | 1.4 million (maximum)
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| Price: | C$0.75
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.10
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| Pricing date: | March 28
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| Settlement date: | April 27
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| Stock price: | C$0.65 at close March 28
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