Duluth Metals to raise $7.73 million in private placement of common stock - MarketLine Financial Deals

Duluth Metals to raise $7.73 million in private placement of common stock

Duluth Metals to raise $7.73 million in private placement of common stock - MarketLine Financial Deals
Duluth Metals to raise $7.73 million in private placement of common stock
Published Mar 10, 2014
3 pages — Published Mar 10, 2014
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Abstract:

Update on March 18, 2014:
Duluth Metals Limited, a Canada-based company engaged in the acquisition, exploration and development of copper, nickel and platinum group metals (PGM) properties, has completed the first tranche of private placement of an aggregate of 10,052,669 common shares at a price of CAD0.65 ($0.58) per share for aggregate gross proceeds of approximately CAD6.5 million ($5.86 million).

Update on March 13, 2014:
Duluth Metals has priced its private placement of 13,263,125 common shares at a price of CAD0.65 ($0.58) per share for total gross proceeds of CAD8.6 million ($7.73 million).

The transaction is expected to close on or about March 18, 2014.

Announcement (March 10, 2014):
Duluth Metals has announced a private placement of common shares to raise gross proceeds of approximately CAD10 million ($9.02 million).

Barclays PLC is acting as placement agent to Duluth.

  
Source:
Document ID
MA145578_140404
Country
Ticker
DM=CA
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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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MLA:
MarketLine Financial Deals. "Duluth Metals to raise $7.73 million in private placement of common stock" Mar 10, 2014. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Duluth-Metals-to-raise-7-73-million-in-private-placement-of-common-stock-2052-101149>
  
APA:
MarketLine Financial Deals. (2014). Duluth Metals to raise $7.73 million in private placement of common stock Mar 10, 2014. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Duluth-Metals-to-raise-7-73-million-in-private-placement-of-common-stock-2052-101149>
  
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