financing news
Alto 7.82-million-FT and NFT share financing
2007-10-24 17:13 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Oct. 9, 2007.
Number of shares: 900,000 shares and 6,926,152 flow-through shares
Price: 11 cents per share and 13 cents per flow-through share
Warrants: 900,000 share purchase warrants to purchase 900,000 shares
Warrant price: 20 cents for a one-year period. The warrants are subject to an accelerated exercise provision in the event the company's shares trade at or above the weighed average trading price of 30 cents for 20 consecutive days