Non-brokered offering consists of common shares, 15-month warrants
By Devika Patel
Knoxville, Tenn., April 26 - Buccaneer Gold Corp. said it has concluded a non-brokered private placement of units. The oversubscribed deal priced for $5 million on April 1 and raised C$5.67 million.
The company sold 14,174,500 units of one common share and one warrant at C$0.40 per unit. Each warrant is exercisable at C$0.65 for 15 months. The strike price is a 62.5% premium to the March 31 closing share price of C$0.40.
Based in Toronto, Buccaneer is a gold explorer.
| Issuer: | Buccaneer Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$5,669,800
|
| Units: | 14,174,500
|
| Price: | C$0.40
|
| Warrants: | One per unit
|
| Warrant expiration: | 15 months
|
| Warrant strike price: | C$0.65
|
| Agent: | Non-brokered
|
| Pricing date: | April 1
|
| Settlement date: | April 26
|
| Stock symbol: | TSX Venture: BGG
|
| Stock price: | C$0.41 at close April 1
|
| Market capitalization: | C$5.57 million
|
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