CA - Mountain Boy Minerals upsizes private offering of units to C$626K
- Mountain Boy Minerals ( OTCQB:MBYMF ) increased the size of its non-brokered private placement to C$626,000 from earlier announced C$500,000 which was over-subscribed.
- Each offered unit will consist of one flow-through common share and one common share purchase warrant priced at C$0.12/FT Unit.
- Each FT Warrant will entitle the holder to purchase one common share of the company at a price of C$0.18 for a period of 29 months following the closing date of the FT Offering.
- In addition of a unit offering, it has also arranged a non-brokered private placement of units at C$0.12/unit for gross proceeds of C$119,880.
- Each unit will consist of one common share and one common share purchase warrant. Each unit warrant will entitle the holder to purchase one common share of the company at a price of C$0.12 for a period of 24 months following the closing date of the Unit Offering.
- Finder's fee of 7% cash and 7% finder's warrants will be payable to certain finders.
For further details see:
Mountain Boy Minerals upsizes private offering of units to C$626K