By Laura Lutz
Des Moines, March 23 - Black Hat Capital Inc. arranged two private placements of shares for a total of C$2 million.
One placement will include 4 million shares at C$0.30 each for proceeds of C$1.2 million. The other will include 2,666,667 million shares at the same price for proceeds of C$800,000.
About 31% of the C$1.2 million placement will be non-brokered, and Linear Capital Corp. will act as agent for the remaining portion of that deal.
The C$1.2 million offering will be completed in connection with Black Hat's qualifying transaction. Settlement of both is expected on March 28.
Calgary, Alta.-based Black Hat is a capital pool company. It is acquiring mineral exploration properties in Zacatecas, Mexico.
Proceeds of the placement will be used for a work program on the properties.
The C$800,000 placement will be completed at the same time. Of that deal, about 16% will be non-brokered and Fraser Mackenzie Ltd. will act as agent for the remainder.
Proceeds of that offering will be used for working capital and to investigate future acquisitions.
| Issuer: | Black Hat Capital Inc.
|
| Issue: | Shares
|
| Amount: | C$2 million
|
| Shares: | 6,666,667
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agent: | Non-brokered (for about C$500,000); Linear Capital Corp. (for about C$828,000); Fraser Mackenzie Ltd. (for about C$672,000)
|
| Pricing date: | March 23
|
| Settlement date: | March 28
|
| Stock symbol: | TSX Venture: BHC.P
|
| Stock price: | C$0.25 at close March 23
|
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