Private placement.Plenty of insiders buying. Raymond James doing the placement. At above the current market price, and warants at $2. Doesn't look like a bad deal for the other shareholders to me.
Barley
Spur Ventures 17.14-million-share private placement
Spur Ventures Inc (TSX-V:SVU)
Shares Issued 40,597,662
Last Close 8/5/2005 $1.63
Friday August 05 2005 - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced July 7, 2005.
Shares: 17,142,858
Purchase price: $1.75
Warrants: 8,571,430 share purchase warrants to purchase 8,571,430 shares
Warrant exercise price: $2.00 for a two-year period
Placees: 120
Insiders: Sinclair Family Trust 150,000 and Robert Rennie 30,000
Pro groups: Michael Westcott 8,000, Scot Atkinson 8,000, Caroline Troy 2,715, Richard Cohen 30,000, Robert Klassen 10,000 and Bernard Hansel 5,000
Agents: Raymond James Ltd. and Dundee Securities Corp.
Agents' fee: $120,000 payable to the agents
Commission: $1.5-million payable to the agents
Finder's fee: $250,000 payable to Quest Securities Corp.