TSXV:ATR.P - Post by User
Post by
jjjackson1on Apr 07, 2006 3:24pm
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Post# 10645570
Positive news release
Positive news release
Anterra closes $2.17-million financing
2006-04-07 15:19 ET - News Release
Mr. Owen Pinnell reports
ANTERRA COMPLETES $2.2 MILLION EQUITY FINANCING
Anterra Corp. has completed its financing for gross proceeds of $2,176,300. Haywood Securities Inc. acted as agent.
Anterra issued 1,873,833 common shares on a flow-through basis at 60 cents per share and 2,104,000 units at 50 cents per unit. Each unit consists of a common share and one-half of a common share purchase warrant. A total of 3,977,833 common shares and 1,052,000 warrants were issued as units. Each whole warrant is exercisable into one common share at an exercise price of 75 cents until Oct. 7, 2007. Under the terms of the agency agreement respecting the financing, Anterra granted to Haywood and members of its selling group warrants to purchase a total of 238,670 common shares at an exercise price of 60 cents until April 7, 2007. All of the securities issued under the financing are subject to a four-month hold period ending Aug. 8, 2006.