A Canadian mining exploration company
Message: PP announced
|
|
| November 16, 2010 |
| Ressources d'Arianne Announces Private Placement |
| CHICOUTIMI, QUEBEC--(Marketwire - Nov. 16, 2010) - Les Ressources d'Arianne Inc. (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Les Ressources d'Arianne Inc. (the "Company") announces that it has entered into an agreement, on a "best efforts" basis, to proceed with a private placement for gross proceeds of up to $2,134,000 (the "Offering"). The Offering consists of the issuance of a maximum of 3.3 Million flow-through common shares (the "Flow-Through Shares") at a price of $0.18 per Flow- Through Share for maximum gross proceeds of $594,000 and a maximum of 11 Million units (the "Units") at a price of $0.14 per Unit for maximum gross proceeds of $1,540,000. Each Unit is comprised of one (1) common share and one half (0.5) common share purchase warrant, each full warrant entitling the holder to subscribe for one (1) common share at a price of $0.19 per share for a period of two (2) years following the closing of the Offering. The Company has entered into an agreement with Windermere Capital (Canada) Inc. to act as agent for and on behalf of the Company. The proceeds of the Offering, combined with existing working capital, will be used by the Company primarily to further the exploration program on its Lac a Paul phosphate property and for general working capital. At the closing of the Offering, the Agent shall receive a commission paid in cash equal to 8% of the gross proceeds raised under the Offering. In addition, the Agent shall receive non transferable warrants exercisable at $0.14 for a period of two (2) years from the date of closing to acquire such number of common shares of the Company as is equal to 8% of the aggregate number of Flow-Through Shares and Units issued under the Offering. The offering is scheduled to close on or about December 17, 2010 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month hold period from the date of closing of the Offering. |
New Message
Please
login
to post a reply