By Devika Patel
Knoxville, Tenn., Feb. 2 - Catalyst Copper Corp. said it raised C$10.5 million in a non-brokered private placement of stock.
The company sold 100 million common shares at C$0.105 per share.
Proceeds will be used for exploration, debt repayment and general working capital.
Based in Vancouver, B.C., Catalyst Copper, formerly Svit Gold Corp., is a mineral resource company.
| Issuer: | Catalyst Copper Corp.
|
| Issue: | Common shares
|
| Amount: | C$10.5 million
|
| Shares: | 100 million
|
| Price: | C$0.105
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Feb. 2
|
| Stock symbol: | TSX Venture: SDP
|
| Stock price: | C$0.19 at close Feb. 1
|
| Market capitalization: | C$16.1 million
|
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