Non-brokered deal at C$0.24 per unit will fund general working capital
By Devika Patel
Knoxville, Tenn., Feb. 9 – Anthem United Inc. said it increased its non-brokered private placement of units again to C$1.11 million. The deal priced for C$500,000 on Dec. 10 and raised C$466,000 on Dec. 16 and C$148,000 on Jan. 15. The offering was previously increased to C$1 million on Jan. 8.
The company is selling units of one common share and a half-share warrant at C$0.24 per unit. It sold 1,941,666 units in the initial tranche and 616,666 units in the second tranche.
The warrants are each exercisable at C$0.35 for five years. The strike price reflects a 45.83% premium to the Dec. 9 closing share price of C$0.24.
Proceeds will be used for general and operating working capital.
The precious metals producer is based in Vancouver, B.C.
| Issuer: | Anthem United Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1,114,000
|
| Price: | C$0.24
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 10
|
| Upsized: | Jan. 8, Feb. 9
|
| Settlement dates: | Dec. 16 (for C$466,000), Jan. 15 (for C$148,000)
|
| Stock symbol: | TSX Venture: AFY
|
| Stock price: | C$0.24 at close Dec. 9
|
| Market capitalization: | C$17.33 million
|
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