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Provider: Reuters Investment Profile
Provider: GlobalData

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Hunter Bay Minerals plc Announces Proposed Private Placement Financing

Thursday, 3 Jan 2013 08:13pm EST 

Hunter Bay Minerals plc announced that its board of directors have approved a proposed private placement offering up to 10,000,000 units at a price of $0.10 per unit for gross proceeds of $1,000,000 (the Offering). Each unit will consist of one ordinary share ("Share") and one transferable share purchase warrant (Warrant), with each Warrant entitling the holder to acquire one additional Share at a price of $0.10 per Share for a period of 6 months following the date of issue of the Warrants. Proceeds of the Offering will be used to fund Hunter Bay's drill program on its Sela Creek Project as well as for general working capital and corporate purposes. 

Company Quote

-0.0050 -33.33%
8 Jul 2014