Company sells 20 million units at C$0.07 each in non-brokered deal
By Toni Weeks
San Luis Obispo, Calif., June 23 – Catalyst Copper Corp. said it plans a C$1.4 million non-brokered private placement of units.
The company will sell 20 million units of one common share and one warrant at C$0.07 per unit. Each whole warrant will be exercisable at C$0.10 for five years. The strike price reflects an 11.11% premium to the June 20 closing share price of C$0.09.
Proceeds will be used for the costs of a study by JDS Energy and Mining Inc., existing payables and general working capital.
Based in Vancouver, B.C., Catalyst explores for copper and base metals with a focus on copper mining projects in Mexico.
| Issuer: | Catalyst Copper Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.4 million
|
| Units: | 20 million
|
| Price: | C$0.07
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | June 23
|
| Stock symbol: | TSX Venture: CCY
|
| Stock price: | C$0.09 at close June 20
|
| Market capitalization: | C$928,487
|
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