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Hunter Bay Minerals plc Increases Offering to $1.25 Million


Tuesday, 19 Mar 2013 12:08pm EDT 

Hunter Bay Minerals plc announced that it has increased its private placement offering previously announced on January 3, 2013 from 10,000,000 units to 12,500,000 units at a price of $0.10 per unit for gross proceeds of $1.25 million (the Offering). Each unit will continue to consist of one ordinary share (Share) and one share purchase warrant (Warrant), with each Warrant entitling the holder to acquire one additional Share at a price of $0.10 per for a period of six months from the date of issuance. Hunter Bay closed an initial tranche of 5,000,000 units on January 15, 2013 and anticipates that it will close the balance of the private placement offering shortly. Proceeds will be used to fund Hunter Bay's exploration program on its Sela Creek Project as well as for general working capital and corporate purposes. 

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27 Aug 2014