|
|
YOUR FEEDBACK
SOA World Conference
Virtualization Conference $200 Savings Expire May 16, 2008... – Register Today!
SYS-CON.TV |
TOP LINKS YOU MUST CLICK ON Newswires
Baltic Announces Closing of Common Share Offering
By: Marketwire .
Mar. 29, 2007 08:55 PM
Digg This!
TORONTO, ONTARIO -- (MARKET WIRE) -- 03/29/07 -- Baltic Resources Inc. (the "Company") (TSX VENTURE: BLR) announces the closing of its previously announced offering of common shares (the "Offering"). The maximum of 6,000,000 common shares of the Company were sold at a price of $0.40 per share, raising gross proceeds of $2.4 million. As agent for the Offering, Pope & Company Limited (the "Agent") was paid a cash commission of 8% of the aggregate gross proceeds raised under the Offering and was issued 600,000 non-assignable warrants (the "Broker Warrants"). Each Broker Warrant is exercisable by the Agent to acquire one common share of the Company at a price of $0.40 per share until March 29, 2009. The securities issued under the Offering are subject to a hold period expiring on July 30, 2007. The proceeds of the Offering will be used for the exploration of the Company's properties located in the Province of Ontario and for general working capital purposes.
LATEST ECLIPSE STORIES . . .
SUBSCRIBE TO THE WORLD'S MOST POWERFUL NEWSLETTERS SUBSCRIBE TO OUR RSS FEEDS & GET YOUR SYS-CON NEWS LIVE!
|
SYS-CON FEATURED WHITEPAPERS MOST READ THIS WEEK |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||