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| Home : Pachamama Announces Closing of Subscription Receipt Financing |
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Mar 06
2012 |
Pachamama Announces Closing of Subscription Receipt Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2012) - Pachamama Resources Ltd. (TSX VENTURE:PMA) ("Pachamama") is pleased to announce, further to the press releases dated February 8, 2012 and February 15, 2012, that Regulus Resources Inc. ("Regulus") has completed its offering ("Offering") of subscription receipts ("Subscription Receipts"). An aggregate of 23,194,238 Subscription Receipts were sold under the Offering at a price of $1.15 per Subscription Receipt for total gross proceeds of $26,673,373.70. The Offering was completed by a syndicate of agents which was led by Dundee Securities Ltd. and included Axemen Resource Capital Ltd. and Stifel Nicolaus Canada Inc. (collectively, the "Agents"). The gross proceeds of the Offering include an additional $6,673,373.70 as a result of the exercise, in part, of the option granted to the Agents in connection with the Offering. |
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| Source:http://www.marketwire.com/mw/release.do?id=1628751&sourceType=3 |
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