And more news!!!St. Elias Mines 7.5-million-share private placement
2009-10-21 16:12 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 10 and Sept. 15, 2009, as amended Oct. 6, 2009.
Shares: 7.5 million
Purchase price: 15 cents
Warrants: 7.5 million share purchase warrants to purchase 7.5 million shares
Warrant exercise price: 30 cents for a one-year period and 45 cents in the second year
Hidden placees: 40
Pro groups: Jay Spissinger 33,000; Polar Securities Inc. (portfolio managed) 1.7 million; Norman Duncan 33,000
Insiders: Senojoc Management Inc. (L. McClenehan) 360,000; Duncan Bain 20,000