By Devika Patel
Knoxville, Tenn., May 23 - Celtic Minerals Ltd. said it has amended the terms of a C$4 million private placement of stock which priced April 28.
Celtic Minerals now will sell up to 7,272,727 flow-through common shares at C$0.55 per share.
The company had planned to sell 6,153,846 flow-through common shares at C$0.65 apiece.
There is a greenshoe for an additional 1,818,182 shares, formerly 1,538,461 shares, or C$1 million.
Jennings Capital Inc. will be the agent.
Settlement is expected May 29.
Proceeds will be used for exploration, drilling and geophysical and geological surveys.
Based in Calgary, Alta., Celtic is a mineral exploration company.
| Issuer: | Celtic Minerals Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$4 million
|
| Greenshoe: | For 1,818,182 flow-through shares, or C$1 million
|
| Shares: | 7,272,727
|
| Price: | C$0.55
|
| Warrants: | No
|
| Agent: | Jennings Capital Inc.
|
| Pricing date: | April 28
|
| Amended: | May 23
|
| Settlement date: | May 29
|
| Stock symbol: | TSX Venture: CME
|
| Stock price: | C$0.60 at close April 25
|
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