Sabina Silver 10-million-share private placement
2007-04-13 16:22 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced March 13, 2007.
Shares: 10 million shares
Purchase price: $3.00 per share
Warrants: 10 million half share purchase warrants to purchase five million shares
Warrant exercise price: $3.60 for a three-year period
Hidden placees: 81
Pro groups: Howard Katz 24,000; and Research Capital Corp. 354,100
Agents: Research Capital Corp., BMO Nesbitt Burns Inc. and Pacific International Securities Inc.
Commission: Research Capital Corp. will receive $1.05-million and 350,000 warrants, where each warrant is exercisable for one share at a price of $3.00 per share until April 2, 2009. Pacific International Securities Inc. will receive $180,000 and 60,000 warrants, where each warrant is exercisable for one share at a price of $3.00 per share until April 2, 2009. BMO Nesbitt Burns Inc. will receive $270,000 and 90,000 warrants, where each warrant is exercisable for one share at a price of $3.00 per share until April 2, 2009.
|