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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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Knick Exploration Inc Arranges $840,000 Private Placement-Canada Stockwatch News

Wednesday, 12 Dec 2012 01:49pm EST 

Canada Stockwatch News reported that Knick Exploration Inc. has arranged a private placement of a maximum of up to six million flow-through common shares at a price of 10 cents per share and up to three million units at a price of eight cents per unit for an aggregate amount of $840,000. Each unit will comprise one common share and one common share purchase warrant. Each common share purchase warrant will entitle the holder thereof to purchase, for a period of 24 months following the closing date of the placement, one additional common share at a price of 15 cents. Knick Exploration will use the proceeds from the placement of flow-through common shares to incur Canadian exploration expenses on its mining properties, while the net proceeds from the units will be use as working capital of Knick. Knick does not intend to pay any finders' fees or commission. All the shares to be issued will be subject to a four-month-and-one-day hold period calculated from the closing date of the private placement. This placement will be effected pursuant to prospectus exemptions under applicable securities legislation and regulations, and is expected to cease on December 20, 2012. 

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