By Sheri Kasprzak
New York, Dec. 9 - Canaco Resources Inc. said it has increased to C$1,425,500 its previously announced C$1,375,500 private placement.
The company plans to sell 4,751,667 units at C$0.30 each.
The units consist 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.
Proceeds will be used for exploration, acquisitions and the development of mineral prospects. The rest will be used for general corporate purposes.
The deal was first announced Nov. 30 as a C$1,375,000 offering of 4,585,000 units under the same terms.
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$1,425,500
|
| Units: | 4,751,667
|
| 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. and Haywood Securities Inc.
|
| Pricing date: | Nov. 30
|
| Upsized: | Dec. 9
|
| Stock price: | C$0.40 at close Nov. 30
|
| Stock price: | C$0.40 at close Dec. 9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
