By Devika Patel
Knoxville, Tenn., Nov. 30 - Baymount Inc. said it will raise C$2 million in a private placement of shares.
The company will sell 20 million common shares at C$0.10 per share.
Blackmont Capital Inc. will be the agent.
Proceeds will be used to build and develop the company's Quinte Raceway and Slots, a new racetrack and slot facility.
Based in Toronto, Baymount makes investments within the equine industry.
| Issuer: | Baymount Inc.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Shares: | 20 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Agent: | Blackmont Capital Inc.
|
| Pricing date: | Nov. 30
|
| Stock symbol: | TSX Venture: BYM
|
| Stock price: | C$0.095 at close Nov. 29
|
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