Iledor Exploration Corporation: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Iledor Exploration Corp Arranges $650,000 Financing-Canada Stockwatch News
Canada Stockwatch News reported that Iledor Exploration Corp. will proceed with a non-brokered hard-cash and flow-through private placement with multiple investors for aggregate gross proceeds of a minimum of $400,000 and a maximum of $650,000. The proceeds of the placement will be mainly used for the advancement of the projects of the corporation on its properties, including the gold property of Tiblemont and, once the conditions for their acquisition are completed, the chromium and platinum properties of Coleraine and Sterret, as well as for its general cash flow. Moreover, the corporation intends to grant, if need be, to any agent of the financing, as finder's fees, a cash commission equivalent to a maximum of 7% of the subscription amount received through it as well as a number of agent's warrants equivalent to a maximum of 6% of the number of common shares included in the flow-through units and the hard-cash units, which will be subscribed through it. Each agent's warrant will enable the holder thereof the right to acquire, for a period of 18 months from the issuance of the agent's warrant, one common share at the price of the common shares included in said units, namely at a price of 10 cents or 18 cents per common share, as the case may be. Each flow-through unit, hard-cash unit, warrant, agent's warrant and common share issued in the scope of the placement will be subject to a mandatory holding period of four months and one day.
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