Non-brokered deal slated to fund obligations, general working capital
By Devika Patel
Knoxville, Tenn., Aug. 7 – Odin Mining and Exploration Ltd. announced it plans a C$3 million non-brokered private placement of stock.
The company will sell 13,636,364 common shares at C$0.22 each. The price per share is an 8.33% discount to the C$0.24 closing share price on Aug. 6.
Proceeds will be used to pay obligations and for general working capital purposes.
Odin is a Vancouver, B.C.-based gold and copper exploration company.
| Issuer: | Odin Mining and Exploration Ltd.
|
| Issue: | Common stock
|
| Amount: | C$3 million
|
| Shares: | 13,636,364
|
| Price: | C$0.22
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Aug. 7
|
| Stock symbol: | TSX Venture: ODN
|
| Stock price: | C$0.24 at close Aug. 6
|
| Market capitalization: | C$29.84 million
|
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