By Devika Patel
Knoxville, Tenn., April 3 - WSR Gold Inc. said it has negotiated a private placement of units to raise C$8 million.
The company plans to sell flow-through units of one flow-through common share and one half-share warrant at C$0.60 per unit.
WSR also intends to sell common-share units of one common share and one half-share warrant at C$0.50 per unit.
Each whole warrant will be exercisable for one common share at C$0.65 for one year.
Primary Capital Inc. and PowerOne Capital Markets Ltd. will be the agents.
WSR is a mineral exploration company based in Toronto focused on the exploration and development of gold deposits in the Guiana Shield of South America.
| Issuer: | WSR Gold Inc.
|
| Issue: | Flow-through units of one flow-through common share and one half-share warrant; units of one common share and one half-share warrant
|
| Amount: | C$8 million
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.65
|
| Agents: | Primary Capital Inc., PowerOne Capital Markets Ltd.
|
| Pricing date: | April 3
|
| Stock symbol: | TSX Venture: WSR
|
| Stock price: | C$0.475 at close April 2
|
|
|
| Flow-through units
|
| Price: | C$0.60
|
|
|
| Common-share units
|
| Price: | C$0.50
|
© 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.
