By Devika Patel
Knoxville, Tenn., June 28 - Advanced Primary Minerals Corp. said it has arranged a C$1.5 million private placement of stock.
The company will sell the common shares at C$0.15 per share.
Settlement is expected July 31.
Proceeds will be used to fund the company's capital program, for general corporate purposes and debt repayment.
Based in Vancouver, B.C., the company owns or controls through long-term leases a number of primary kaolin deposits in Georgia.
| Issuer: | Advanced Primary Minerals Corp.
|
| Issue: | Common shares
|
| Amount: | C$1.5 million
|
| Price: | C$0.15
|
| Warrants: | No
|
| Pricing date: | June 28
|
| Settlement date: | July 31
|
| Stock symbol: | TSX Venture: APD
|
| Stock price: | C$0.17 at close June 25
|
| Market capitalization: | C$2.89 million
|
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