Key points
- Teck Cominco acquired 7,575,758 common shares for $25-million (U.S.) and received three million warrants exercisable at $5 (U.S.) until June 1, 2008.
- Epion Holdings Ltd. acquired 1.85 million common shares for $6,105,000 (U.S.) and 750,000 warrants exercisable at $5 (U.S.) until June 1, 2008.
- M&A Advisors Ltd. received a $610,500 (U.S.) finder’s fee and 185,000 warrants exercisable at $3.30 (U.S.) until Dec. 11, 2008.
- The securities are subject to a four-month hold period in Canada expiring April 12, 2007.
Nautilus Minerals Inc. has closed its non-brokered private placement of 9,425,758 common shares at a price of $3.30 (U.S.) ($3.76 (Canadian)(i)) per common share, for gross proceeds of $31.1-million (U.S.) ($35.45-million (Canadian)(i)), as announced in Stockwatch on Dec. 7, 2006.
Teck Cominco acquired 7,575,758 common shares for $25-million (U.S.) and received three million share purchase warrants to acquire additional common shares at a price of $5 (U.S.) ($5.70 (Canadian)(i)) per share until June 1, 2008.
Epion Holdings Ltd. acquired 1.85 million common shares for $6,105,000 (U.S.) and 750,000 share purchase warrants to acquire additional common shares at a price of $5 (U.S.) ($5.70 (Canadian)(i)) per share until June 1, 2008.
M&A Advisors Ltd. received a finder’s fee regarding Epion’s portion of the private placement of $610,500 (U.S.) and was issued 185,000 share purchase warrants entitling the holder to acquire a total of 185,000 common shares at a price of $3.30 (U.S.) ($3.76 (Canadian)(i)) per share until Dec. 11, 2008.
The proceeds of the private placement will be used to finance the development of the company’s business. All securities are subject to a four-month hold period in Canada which expires on April 12, 2007.
(i) Exchange rate $1 (U.S.) equals $1.14 (Canadian)
