Entering text into the input field will update the search result below

Donner Metals Amends Terms Of Private Placing

Jul. 09, 2013 3:01 PM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Donner Metals (CVE:DON) announced it has amended the terms of its private placement for up to C$4.5 million, announced last month.

The firm said previously the majority of the funds would be used for its share of the capital and operating costs at the Bracemac-McLeod mine in Quebec.

Under the amended terms, up to C$3mln will be raised through the sale of units at 5 cents a share compared to 10 Canadian cents previously, and up to C$1.5mln though units at 6 Canadian cents rather than 11.5 Canadian cents.

Agents Secutor Capital Management Corp, Marquest Capital Markets and Haywood Securities are acting as agents for the private placement.

Production at the Bracemac-McLeod project kicked off in the middle of May this year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.