Reservoir Minerals raises $20.96 million in private placement - MarketLine Financial Deals

Reservoir Minerals raises $20.96 million in private placement

Reservoir Minerals raises $20.96 million in private placement - MarketLine Financial Deals
Reservoir Minerals raises $20.96 million in private placement
Published Mar 20, 2014
3 pages — Published Mar 20, 2014
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Abstract:

Reservoir Minerals, Inc., a Canada-based mineral exploration and development company, has completed its non-brokered private placement of 4 million shares at a price of CAD5.75 ($5.24) per share that results gross proceeds of CAD23 million ($20.96 million).

Of this non-brokered financing, CAD13 million ($11.84 million) was purchased by a financial institution and the balance of CAD10 million ($9.11 million) was purchased by Yanggu Xiangguang Copper Co., Ltd., a China-based company engaged in the smelting and processing of nonferrous metals, alloys, gold, and silver, and its management.

Announcement (February 20, 2014):
Reservoir Minerals is planning to raise approximately CAD23 million ($20.96 million) in a non-brokered private placement of up to 4 million shares at a price of CAD5.75 ($5.24) per share.

Concurrently, Reservoir Minerals is planning to raise CAD10 million ($9.11 million) in a bought deal brokered private placement.

The closing of both the non-brokered offering and brokered offering is expected to occur on or about March 20, 2014.

  
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MA145582_140404
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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. "Reservoir Minerals raises $20.96 million in private placement" Mar 20, 2014. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Reservoir-Minerals-raises-20-96-million-in-private-placement-2052-101153>
  
APA:
MarketLine Financial Deals. (2014). Reservoir Minerals raises $20.96 million in private placement Mar 20, 2014. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Reservoir-Minerals-raises-20-96-million-in-private-placement-2052-101153>
  
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