New to all this and not sure what this news is saying...more importantly what it might do to the stock price..
any help or comments are appreciated
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced July 16, 2003:
Number of Shares: 1,090,909 flow-through common shares
Purchase Price: $2.75 per flow through common share
Number of Placees: 6
Agent: Dundee Securities Corporation
Agent's Fee: Dundee Securities Corporation will receive a cash fee of 6.5% of the gross proceeds ($195,000). In addition, Dundee Securities Corporation will receive 70,909 Broker Warrants. Each warrant is exercisable into one common share at $2.35 per share for a two-year period.
Insider / Pro Group Participation: None
The Company has confirmed the closing of the above-mentioned private placement.