By Sheri Kasprzak
Atlanta, April 4 - BrazAlta Resources Corp. said it has upsized its previously announced private placement of units to C$2 million from C$1.5 million.
The company will now sell up to 5,714,285 units at C$0.35 each.
The units are comprised of one share and one half-share warrant. The full warrants allow for an additional share at C$0.50 each for one year.
The deal was announced March 30 as including up to 4,285,715 shares at C$0.35 each.
Octagon Capital Corp. is the placement agent in the offering.
Based in Calgary, Alta., BrazAlta is an oil and natural gas company with operations in Canada and Northern Ireland.
| Issuer: | BrazAlta Resources Corp.
|
| Issue: | Stock
|
| Amount: | C$2 million
|
| Units: | 5,714,285
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.50
|
| Placement agent: | Octagon Capital Corp.
|
| Pricing date: | March 30
|
| Upsized: | April 1
|
| Stock price: | C$0.44 at close March 30
|
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