Bacanora Minerals Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Bacanora Minerals Ltd Announces Private Placement
Bacanora Minerals Ltd announced the terms of a proposed private placement financing for aggregate gross proceeds of up to $3,500,000 of units of the Corporation at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of four years. It is expected that the proceeds of this offering will be used to further exploration on the Company's Borate and Lithium programs and for general working capital purposes.
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