Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
-
Instablogged Stocks
Stocks that instabloggers have most recently written about -
Latest Instablog Posts
-
1
Oil & Gas Stock Outlook
-
2
T. Rowe Price - A Charm City Investment
-
3
If You're Serious About Making Money In The ...
-
4
Review Of Open Positions - Stocks
-
5
Some Trade Ideas
-
1
-
Top Instablogs
See all Top Instablogs »
First Star completes $1.2m private placement financing 0 comments
Vancouver-based First Star Resources (CVE:FS), a junior mineral explorer, reported on Monday that it has completed its second and final tranche of its $1.2 million non-brokered private placement financing.
In the final tranche, the company sold 2 million units at a price of 15 cents each for a total of $0.3 million.
Each unit consists of one common share and one non-transferable common share purchase warrant, with each whole warrant giving the holder the right to acquire one common share for 20 cents until June 20, 2013.
The company has the right to accelerate the expiry date if the average trading price of common shares is equal to or exceeds 45 cents a share for a period of 10 days, First Star said in a statement.
The first tranche, which closed at the end of May, consisted of just over 6 million units for 15 cents each, for a total of 0.9 million.
The company said proceeds would be used for general working capital. First Star paid finders’ fees totalling $39,721.50 in cash in connection with the offering.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
Share this Instablog
Latest Followers
Latest Comments
Most Commented
Posts by Themes