OK2 Minerals Announces Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/14/17 -- OK2 Minerals Ltd (the "Company") (TSX VENTURE: OK) is pleased to announce a private placement offering for the sale of up to 12,000,000 units (each, a "Unit") at the issue price of $0.125 per Unit for gross proceeds of up to $1,500,000. Each Unit shall comprise of one common share and one-half of one share purchase warrant, where each whole warrant (a "Warrant") may be exercised to purchase a further common share at a price of $0.20 for a period of 2 years, subject to acceleration where after the common shares of the Company have traded at or above $0.20 per common share for a period of 10 consecutive trading days commencing after the expiry of a 4 month period from the date of issuance of the Units, the Company may provide notice by news release that the holders of the Warrants shall have 30 days after the date of such news release to exercise such Warrants. After the expiry of this 30 day period, the Warrants and all rights thereunder will cease and terminate.
The funds shall be used for the Company''s working capital. Finders'' fees shall be paid in cash, shares or warrants, or a combination of the foregoing, subject to board approval and in accordance with the policies of the TSX Venture Exchange.
The completion of the private placement is subject to approval from the TSX Venture Exchange.
BY ORDER OF THE BOARD OF DIRECTORS
Minaz Devji, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
OK2 Minerals Ltd
Mike Devji
(604) 258-8666
Investor Relations
Kin Communications
1 (866) 684-6730 (toll-free)
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Datum: 14.02.2017 - 15:57 Uhr
Sprache: Deutsch
News-ID 1486718
Anzahl Zeichen: 2779
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VANCOUVER, BRITISH COLUMBIA
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Mining & Metals
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