By Sheri Kasprzak
New York, July 19 - YGC Resources Ltd. said it has increased the size of its previously announced non-brokered private placement to C$1.55 million from C$1.05 million.
The offering now includes up to 1.5 million common-share units at C$0.70 each and up to 625,000 flow-through units at C$0.80 each.
The common-share units are comprised of one share and one half-share warrant. The whole warrants provide for the purchase of an additional share at C$1.00 each for two years.
The flow-through units consist of one flow-through share and one half-share warrant. The whole warrants also allow for the purchase of a common share at C$1.00 each for two years.
The deal was first announced June 15 as just including the common-share units. The other terms of the offering have not changed.
The proceeds of the non-brokered deal will be used for working capital.
Based in Vancouver, B.C., YGC is a diamond exploration company.
| Issuer: | YGC Resources Ltd.
|
| Issue: | Flow-through and non flow-through units of one share and one half-share warrant
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| Amount: | C$1.55 million (maximum)
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| Pricing date: | June 15
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| Upsized: | July 19
|
| Stock price: | C$0.90 at close June 15
|
| Stock price: | C$0.70 at close July 19
|
|
|
| Flow-through units
|
| Issue: | Units of one flow-through share and one half-share warrant
|
| Shares: | 625,000 (maximum)
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| Price: | C$0.80
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.00
|
|
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| Common share units
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| Issue: | Units of one non flow-through share and one half-share warrant
|
| Units: | 1.5 million (maximum)
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| Price: | C$0.70
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
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