|
|
Article: Santa Catalina Mining Corp. - announces agreement to sell on a private placement basis, 4,000,000 units in capital stock.
- Article from:
- Business Wire
- Article date:
- May 16, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
VANCOUVER, British Columbia--(BUSINESS WIRE)--May 16, 1996-- Santa Catalina Mining (VSE: SLM) (the "Company") is pleased to announce that it has agreed to sell, on a private placement basis, an aggregate of 4,000,000 units in the capital stock of the Company at a price of $0.75 Cdn. per share, for gross proceeds of $3,000,000 Cdn. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable over a period of eighteen months at a price of $0.90 Cdn. per share.
Canaccord Capital Corporation and Haywood Securities Inc. have assisted the Company in raising the offering proceeds, and will ...