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Anthem Resources Inc. Reduces Private Placement To $600,000-Canada Stockwatch News


Thursday, 13 Dec 2012 09:50am EST 

Canada Stockwatch News reported that Anthem Resources Inc. (formerly Virginia Energy Resources Inc.) has repriced the private placement terms of the previously announced non-brokered private placement financing (see news release of November 14, 2012). The Company has decided to reduce the amount of the private placement to now raise up to $600,000 of flow-through (FT) units, subject to regulatory approval. Each FT unit will comprise one common share at a price of 14 cents per share and one-half of one full non-flow-through (NFT) warrant exercisable for two years. Each whole warrant will entitle the holder to purchase one common share of the Company at 20 cents per share for a period of 24 months. Shares issued under this financing will be subject to a hold period of four months and one day from the closing date of the offering. In accordance with exchange regulations, finder's fees may be payable to accredited agents on that portion of the funds raised by third parties. Funds from this financing will be used to advance the Athabasca basin uranium exploration projects. 

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22 Oct 2014