By Sheri Kasprzak
New York, Nov. 30 - Canaco Resources Inc. said it intends to raise up to C$1,375,500 in a private placement of units.
The deal includes up to 4,585,000 units at C$0.30 each.
The units are composed of one share and one warrant. The warrants are exercisable at C$0.45 each for two years.
Bolder Investment Partners, Ltd. and Haywood Securities Inc. are the placement agents.
The company also intends to raise up to C$625,000 in a non-brokered deal of 2,083,333 units under the same terms.
Proceeds will be used for exploration, acquisitions and the development of mineral prospects. The rest will be used for general corporate purposes.
Based in Vancouver, B.C., Canaco is a mineral exploration company.
| Issuer: | Canaco Resources Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,375,500
|
| Units: | 4,585,000
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Placement agents: | Bolder Investment Partners, Ltd., Haywood Securities Inc.
|
| Pricing date: | Nov. 30
|
| Stock price: | C$0.40 at close Nov. 30
|
|
|
| Issuer: | Canaco Resources Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$625,000
|
| Units: | 2,083,333
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Placement agent: | Non-brokered
|
| Pricing date: | Nov. 30
|
| Stock price: | C$0.40 at close Nov. 30
|
|
|
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