Deal consists of units, sold at C$1.45 each, with six-month warrants
By Devika Patel
Knoxville, Tenn., Nov. 23 - Bralorne Gold Mines Ltd. said it plans a private placement of units. The deal will raise C$1 million.
The company will sell 689,655 units of one common share and one warrant at C$1.45 per unit.
Each warrant will be exercisable at C$1.75 for six months. The strike price represents a 37.8% premium to the Nov. 22 closing share price of C$1.27.
Based in Vancouver, B.C., Bralorne is a gold exploration company.
| Issuer: | Bralorne Gold Mines Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 689,655
|
| Price: | C$1.45
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Six months
|
| Warrant strike price: | C$1.75
|
| Pricing date: | Nov. 23
|
| Stock symbol: | TSX Venture: BPM
|
| Stock price: | C$1.27 at close Nov. 22
|
| Market capitalization: | C$28.37 million
|
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