By Devika Patel
Knoxville, Tenn., Sept. 10 - Blue Note Mining Inc. said it has amended the terms of a C$1.2 million private placement that priced Sept. 2. It now plans to offer only units, instead of units and shares.
The company will sell 3.5 million flow-through units at C$0.20 per unit and 2.5 million units at C$0.20 apiece.
Each flow-through unit will consist of one flow-through share and one warrant. Each warrant will be exercisable at C$0.26 for two years.
Each unit will consist of one share and one warrant. Each warrant will be exercisable at C$0.25 for two years.
Proceeds will be used for exploration and working capital.
Blue Note is a mineral exploration company based in Montreal.
| Issuer: | Blue Note Mining Inc.
|
| Issue: | Flow-through units of one flow-through share and one warrant, units of one share and one warrant
|
| Amount: | C$1.2 million
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Pricing date: | Sept. 2
|
| Amended: | Sept. 10
|
| Stock symbol: | TSX Venture: BNT
|
| Stock price: | C$0.20 at close Sept. 1
|
| Market capitalization: | C$87.2 million
|
|
|
| Flow-through units
|
| Amount: | C$700,000
|
| Shares: | 3.5 million
|
| Price: | C$0.20
|
| Warrant strike price: | C$0.26
|
|
|
| Units
|
| Amount: | C$500,000
|
| Units: | 2.5 million
|
| Price: | C$0.20
|
| Warrant strike price: | C$0.25
|
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