Company also pays down $103,380 of debt with 1,378,400 common shares
By Devika Patel
Knoxville, Tenn., Nov. 24 – Killdeer Minerals Inc. said it settled a C$1.28 million private placement of stock.
The company sold 17,012,800 common shares at C$0.075 apiece. The price per share is a 64.29% discount to C$0.21, the Nov. 23 closing share price.
Proceeds will be used to pay down trade payables and debt to leave the company with sufficient working capital to evaluate potential acquisition opportunities.
The company said it also settled $103,380 of debt by issuing 1,378,400 common shares, at a price of C$0.075 per share.
The resource exploration company is based in Vancouver, B.C.
| Issuer: | Killdeer Minerals Inc.
|
| Issue: | Common shares
|
| Amount: | C$1,275,960
|
| Shares: | 17,012,800
|
| Price: | C$0.075
|
| Warrants: | No
|
| Settlement date: | Nov. 24
|
| Stock symbol: | TSX Venture: KMI.H
|
| Stock price: | C$0.21 at close Nov. 23
|
| Market capitalization: | C$461,860
|
|
|
|
|
© 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.
