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

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Gespeg Copper Resources Inc Closes First Tranche of Non-Brokered Private Placement


Wednesday, 21 Aug 2013 03:12pm EDT 

Gespeg Copper Resources Inc announced that it has completed the first tranche of its private placement (the Offering) and has raised gross proceeds of $302,500. The first tranche closing consisted of 6,050,000 units (the Units) at a price of $0.05 per Unit. Each Unit consists of one common share in the capital of the Company (a Share) and one-half of one share purchase warrant (a Warrant). Each full Warrant will entitle the holder to purchase one Share at a price of $0.15 exercisable until February 21, 2015. The Company can accelerate the expiry date of the Warrants to the date that is 30 days following the date the Company issues a news release announcing that the published closing price of the Common Shares on the TSX Venture Exchange (the Exchange) has been equal to or greater than $0.20 for any ten consecutive trading days after the hold period on the Common Shares has expired. Management and the board of directors of the Company took up 50% of the first tranche closing. The Company anticipates a second closing in September of 2013 (the Second Tranche). 

Company Quote

0.055
-0.02 -26.67%
5 Aug 2014