Deal consists of 10 million shares, warrants sold at C$0.10 per unit
By Devika Patel
Knoxville, Tenn., June 27 - Active Growth Capital Inc. said it plans a C$1 million private placement of units.
The company will sell 10 million units of one common share and one warrant at C$0.10 per unit. The warrants are each exercisable at C$0.15 for one year. The strike price reflects a 1,400% premium to the June 26 closing share price of C$0.01.
Proceeds will be used to maintain the company's assets and for working capital purposes.
The mining company is based in Montreal.
| Issuer: | Active Growth Capital Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.15
|
| Pricing date: | June 27
|
| Stock symbol: | TSX Venture: ACK
|
| Stock price: | C$0.01 at close June 26
|
| Market capitalization: | C$250,670
|
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