Offering sells 10 million shares at C$0.20 apiece to Hongkong Huaxin
By Devika Patel
Knoxville, Tenn., Oct. 4 - Beaufield Resources Inc. said settled a C$2 million non-brokered private placement of stock.
The company sold 10 million common shares at C$0.20 per share to Hongkong Huaxin Petroleum Ltd. The price per share is a 42.86% premium to C$0.14, the Oct. 3 closing share price.
Based in Nepean, Ont., Beaufield explores for minerals.
| Issuer: | Beaufield Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Shares: | 10 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Hongkong Huaxin Petroleum Ltd.
|
| Settlement date: | Oct. 4
|
| Stock symbol: | TSX Venture: BFD
|
| Stock price: | C$0.14 at close Oct. 3
|
| Market capitalization: | C$15.19 million
|
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