By Devika Patel
Knoxville, Tenn., May 20 - Yangarra Resources Ltd. said it plans a C$2.31 million private placement of stock.
The company will sell 4.2 million flow-through common shares at C$0.55 apiece.
Settlement is expected on Friday.
Proceeds will be used to fund qualifying expenditures in the Willesden Green Area of Alberta.
Yangarra is a resource exploration company based in Calgary, Alta.
| Issuer: | Yangarra Resources Ltd.
|
| Issue: | Flow-through common stock
|
| Amount: | C$2.31 million
|
| Units: | 4.2 million
|
| Price: | C$0.55
|
| Warrants: | No
|
| Pricing date: | May 20
|
| Settlement date: | May 21
|
| Stock symbol: | TSX Venture: YAN
|
| Stock price: | C$0.45 at close May 20
|
| Market capitalization: | C$37.1 million
|
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