By Sheri Kasprzak
New York, March 22 - BrazAlta Resources Corp. said it plans to raise up to C$3,160,500 in a private placement of units.
The company plans to issue up to 3.01 million units at C$1.05 each, with each unit comprised of one share and one half-share warrant.
The full warrants are exercisable at C$1.20 for two years.
W. Washington Empreendimentos e Participacoes Ltda. will buy the units.
BrazAlta, based in Calgary, Alta., is an oil and natural gas exploration company.
| Issuer: | BrazAlta Resources Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3,160,500 (maximum)
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| Units: | 3.01 million (maximum)
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| Price: | C$1.05
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.20
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| Investor: | W. Washington Empreendimentos e Participacoes Ltda.
|
| Pricing date: | March 22
|
| Stock symbol: | TSX Venture: BRX
|
| Stock price: | C$1.40 at close March 22
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