NEWSAlexis 16,619,26 FT-and-non-FT-share financing
2005-05-11 17:04 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced March 31 and April 8, 2005.
No. of shares: 19,619,216 shares (including 12,681,250 flow-through shares)
Price: 75 cents per share (80 cents per flow-through share)
Warrants: 3,468,983 share purchase warrants to purchase 3,468,983 shares
Warrant price: $1.00 for a period of two years
Placees: 118 placees participated
Pro groups: AGF Precious Metals Fund 640,000; Jay Smith 243,750; and John E. Brodie 31,250
Agents: CIBC World Markets Inc. and Dundee Securities Corp.
Commission: A total of $920,908.47 in cash, 416,277 broker's warrants exercisable into units at 75 cents per unit and 760,875 broker's warrants exercisable into shares at 80 cents per share. The warrants expire on April 20, 2007
This private placement has closed. For further details, please refer to the company's press release in Stockwatch dated April 20, 2005.