By Sheri Kasprzak
New York, Nov. 15 - YSV Ventures Inc. said it priced a C$1.5 million private placement of units.
The company intends to sell 1.2 million units at C$1.25 each.
The units include four flow-through shares and one non flow-through share. The individual price for every flow-through or non flow-through share is C$0.25.
The deal is expected to close Dec. 9.
Proceeds will be used for exploration on existing projects. The rest will be used for working capital and general corporate purposes.
Based in Toronto, YSV is a mineral exploration company.
| Issuer: | YSV Ventures Inc.
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| Issue: | Units of four flow-through shares and one non flow-through share
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| Amount: | C$1.5 million (maximum)
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| Units: | 1.2 million (maximum)
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| Price: | C$1.25
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| Warrants: | No
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| Pricing date: | Nov. 15
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| Settlement date: | Dec. 9
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| Stock price: | C$0.08 at close Nov. 15
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