Prosperity Goldfields (PPG-V) closes $3.2-million private placement.
Nov 19, 2012 - News Release
Prosperity Goldfields Corp. has closed its private placement (previously announced in its news release of Oct. 26, 2012) and issued an aggregate of 16,125,000 units (15.45 million flow-through units at 20 cents per unit and 675,000 non-flow-through units at 17 cents per unit) for aggregate gross proceeds of $3,204,750. Each flow-through unit consists of one flow-through share and one-half of one common share purchase warrant. Each non-flow-through unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase one additional common share on a non-flow-through basis at an exercise price of 28 cents per common share until May 19, 2014.
The offering was a brokered private placement with a syndicate of agents co-led by Secutor Capital Management Corp. and Marquest Capital Markets. The agents, including all members of the selling group, and certain finders were paid the following aggregate consideration: (i) a 7-per-cent cash commission and (ii) 1,128,750 compensation options entitling the agents to purchase an equivalent number of common shares of the company on a non-flow-through basis. Each compensation option is exercisable to acquire one common share of the company at a price of 20 cents per common share until May 19, 2014. |
