Proceeds fund expansion of NI 43-101 compliant resource at La Verde
By Devika Patel
Knoxville, Tenn., July 29 - Catalyst Copper Corp. said it has arranged a C$2.1 million non-brokered private placement of stock.
The company will sell 20 million common shares at C$0.105 apiece, an 8.7% discount to the July 28 closing share price of C$0.115.
Proceeds will be used to expand the NI 43-101 compliant resource at the La Verde project and begin an environmental impact survey.
Vancouver, B.C.-based Catalyst is a copper explorer.
| Issuer: | Catalyst Copper Corp.
|
| Issue: | Common shares
|
| Amount: | C$2.1 million
|
| Shares: | 20 million
|
| Price: | C$0.105
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | July 29
|
| Stock symbol: | TSX Venture: CCY
|
| Stock price: | C$0.115 at close July 28
|
| Market capitalization: | C$24.29 million
|
© 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.
