Company sells 33.5 million units at C$0.105 each in non-brokered deal
By Devika Patel
Knoxville, Tenn., Jan. 23 - Catalyst Copper Corp. said it plans a C$3.52 million non-brokered private placement of units.
The company will sell 33.5 million units of one common share and one half-share warrant at C$0.105 per unit. Each whole warrant will be exercisable at C$0.25 for five years. The strike price reflects a 127.27% premium to the Jan. 20 closing share price of C$0.11.
Proceeds will be used to acquire an interest in the La Verde copper project and for general working capital.
Based in Vancouver, B.C., Catalyst explores for copper.
| Issuer: | Catalyst Copper Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3,517,500
|
| Shares: | 33.5 million
|
| Price: | C$0.105
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 23
|
| Stock symbol: | TSX Venture: CCY
|
| Stock price: | C$0.11 at close Jan. 23
|
| Market capitalization: | C$24.29 million
|
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