Non-brokered deal funds acquisition of Peruvian companies, gold plant
By Devika Patel
Knoxville, Tenn., July 6 – Anthem United Inc. said it completed a C$2.1 million second and final tranche of a C$5.37 million non-brokered private placement of units and stock. The deal priced for C$5 million on May 28 and the company raised C$3.27 million in the first tranche on June 26, when the offering was increased to C$5.4 million.
The company sold 10,476,250 units of one common share and half-share warrant at C$0.40 per unit. Each whole warrant is exercisable at C$0.50 for five years.
Anthem United also sold 3,361,000 common shares at C$0.35 per share.
The price per share is a 10.26% discount to the May 27 closing share price of C$0.39. The warrant strike price is a 28.21% premium to that price.
In the first tranche, the company sold 7,911,250 units and 286,000 shares. Anthem sold 2,565,000 units and 3,075,000 shares in the second tranche.
Proceeds will be used to fund the company’s planned acquisition of four private Peruvian companies with a 350 ton per day gold processing plant in Chaparra, Arequipa, Peru.
The precious metals producer is based in Vancouver, B.C.
| Issuer: | Anthem United Inc.
|
| Issue: | Units of one common share and one half-share warrant, common shares
|
| Amount: | C$5,366,850
|
| Pricing date: | May 28
|
| Upsized: | June 26
|
| Settlement date: | June 26 (for C$3,264,600), July 6 (for C$2,102,250)
|
| Agent: | Non-brokered
|
| Stock symbol: | TSX Venture: AFY
|
| Stock price: | C$0.39 at close May 27
|
| Market capitalization: | C$25.74 million
|
|
|
| Units
|
| Amount: | C$4,190,500
|
| Units: | 10,476,250
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.50
|
|
|
| Stock
|
| Amount: | C$1,176,350
|
| Shares: | 3,361,000
|
| Price: | C$0.35
|
| Warrants: | No
|
|
|
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