By Devika Patel
Knoxville, Tenn., April 16 - Catalyst Copper Corp. said it raised C$3 million in a non-brokered private placement of units. The deal priced March 29.
The company sold 20 million units at C$0.15 per unit. Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$0.30 until April 16, 2015.
Proceeds will be used for debt repayment and general working capital.
Based in Vancouver, B.C., Catalyst Copper, formerly Svit Gold Corp., develops is a mineral resource company.
| Issuer: | Catalyst Copper Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3 million
|
| Shares: | 20 million
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | April 16, 2015
|
| Warrant strike price: | C$0.30
|
| Agent: | Non-brokered
|
| Pricing date: | March 29
|
| Settlement date: | April 16
|
| Stock symbol: | TSX Venture: CCY
|
| Stock price: | C$0.16 at close April 16
|
| Market capitalization: | C$39.4 million
|
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