By Devika Patel
Knoxville, Tenn., Jan. 8 - Celtic Minerals Ltd. said it will raise C$1 million in a non-brokered private placement of units.
The company will sell 10 million units of one common share and one half-share warrant at C$0.10 apiece. Each whole warrant will be exercisable at C$0.15 for two years.
Proceeds will be used for general corporate purposes and the further assessment of a potential prospect in Laos.
Based in Calgary, Alta., Celtic is a mineral exploration company.
Issuer: | Celtic Minerals Ltd.
|
Issue: | Units of one common share and one half-share warrant
|
Amount: | C$1 million
|
Units: | 10 million
|
Price: | C$0.10
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.15
|
Agent: | Non-brokered
|
Pricing date: | Jan. 8
|
Stock symbol: | TSX Venture: CME
|
| Stock price: | C$0.105 at close Jan. 7
|
© 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.