By Laura Lutz
Des Moines, July 10 - Bear Creek Mining set pricing in a C$20,127,500 private placement of units.
The company plans to sell 2.425 million units of one share and one half-share warrant at C$8.30 each. Each whole warrant will be exercisable at C$10.50 for two years.
Haywood Securities Inc. and Canaccord Capital Corp. will co-lead a syndicate of underwriters that also includes Paradigm Capital Inc., Cormark Securities Inc. and Scotia Capital Inc.
The deal was announced on July 9. Settlement is expected on Aug. 1.
Proceeds will be used for exploration and development and for general corporate purposes.
Bear Creek is a mining company based in Vancouver, B.C.
| Issuer: | Bear Creek Mining
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$20,127,500
|
| Units: | 2.425 million
|
| Price: | C$8.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$10.50
|
| Underwriters: | Haywood Securities Inc. (lead), Canaccord Capital Corp. (lead), Paradigm Capital Inc., Cormark Securities Inc., Scotia Capital Inc.
|
| Announcement date: | July 9
|
| Pricing date: | July 10
|
| Settlement date: | Aug. 1
|
| Stock symbol: | TSX Venture: BCM
|
| Stock price: | C$8.53 at close July 9
|
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