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Provider: Reuters Investment Profile
$20.00
Provider: Reuters Investment Profile
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Provider: GlobalData
$250.00
Provider: GlobalData
$125.00

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Gespeg Copper Resources Inc Announces Private Placement For Gross Proceeds Of Up To $1,000,000


Thursday, 16 May 2013 09:45am EDT 

Gespeg Copper Resources Inc announced that it intends to conduct a non-brokered private placement of up to 20,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $1,000,000. Each Unit will consist of one common share of the Company and one-half of a Common Share purchase warrant (each whole warrant, a Warrant). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.15 for a period of 18 months from the closing of the Offering, subject to the acceleration provision described below. The Units will be made available by way of prospectus exemptions in Canada and in such other jurisdictions as the Company may agree where the Units can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements. The net proceeds from the Offering will be used by the Company to fund the exploration work on the Company's In-Between project, and for general and administrative purposes. The Company may also use some of the net proceeds on future project acquisitions. 

Company Quote

0.05
0.0050 +11.11%
11 Sep 2014