By Laura Lutz
Des Moines, Oct. 19 - Bayswater Uranium Corp. priced a non-brokered private placement for up to C$2.25 million and at least C$1.35 million.
The company plans to sell up to 2.5 million, and at least 1.5 million, units of one share and one warrant for C$0.90 per unit.
Each warrant will be exercisable at C$1.20 for two years.
Longview Strategies Inc. will be the major subscriber in the placement.
Proceeds of the deal will be used for the company's recent Athabasca Basin property acquisition and for working capital.
Bayswater is a uranium exploration company based in Vancouver, B.C.
| Issuer: | Bayswater Uranium Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2.25 million (maximum); C$1.35 million (minimum)
|
| Units: | 2.5 million (maximum); 1.5 million (minimum)
|
| Price: | C$0.90
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.20
|
| Investor: | Longview Strategies Inc.
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 19
|
| Stock symbol: | TSX Venture: BAY
|
| Stock price: | C$0.87 at close Oct. 19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
