Deal sells units of one common share and one warrant at $0.05 per unit
By Devika Patel
Knoxville, Tenn., March 6 - Blox Inc. said it raised $1 million a non-brokered private placement of units.
The company sold 20 million units of one common share and one warrant at $0.05 per unit. The warrants are each exercisable at $0.05 for five years. The strike price reflects a 66.67% discount to the March 5 closing share price of $0.15.
The natural resource explorer is based in Vancouver, B.C.
| Issuer: | Blox Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $1 million
|
| Units: | 20 million
|
| Price: | $0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.05
|
| Agent: | Non-brokered
|
| Settlement date: | March 6
|
| Stock symbol: | OTCBB: BLXX
|
| Stock price: | $0.15 at close March 5
|
| Market capitalization: | $1.85 million
|
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