By Devika Patel
Knoxville, Tenn., Feb. 23 - Boxxer Gold Corp. announced it closed the second tranche of a C$1 million non-brokered private placement of units, raising C$215,000. The deal priced on Jan. 27, and the company took in C$208,800 on Feb. 9.
The company is selling 10 million units at C$0.10 apiece. It sold 2,088,000 units in the first tranche and 2.15 million units in this one.
The units consist of one common share and one half-share warrant. Each whole one-year warrant will be exercisable at C$0.12 in the first six months and at C$0.15 thereafter.
Proceeds will be used for exploration and general working capital.
Calgary, Alta.-based Boxxer Gold is an exploration-stage company with interests in the Boss property in southern Nevada and the Gordon Lake property in the Canadian Northwest Territories.
| Issuer: | Boxxer Gold Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.12 in the first six months, C$0.15 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 9 (for C$208,800), Feb. 23 (for C$215,000)
|
| Stock symbol: | TSX Venture: BXX
|
| Stock price: | C$0.105 at close Jan. 26
|
| Market capitalization: | C$10.6 million
|
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