Well according to Stockwatch the pp is closed already
Raytec Metals 8.62-million-share private placement
2008-03-25 14:33 MT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 13, 2008, and March 20, 2008.
Number of shares: 8,628,887
Purchase price: 45 cents per share
Warrants: 4,314,443 share purchase warrants to purchase 4,314,443 shares
Warrant exercise price: 75 cents for a two-year period. The warrants have an acceleration clause whereby, at any time after four months and one day following closing, the closing price of the company's shares exceeds $1.25 per share for any 10 consecutive trading days, the company may give notice, by way of news release, that the warrants will automatically expire 30 days after such notice.
Hidden placees: 14
Insider participation: Brian Thurston, 111,111
Finders' fees: Integral Wealth Securities Limited receives $182,999.95 and 406,667 non-transferable warrants, where each warrant is exercisable for one share at a price of 45 cents per share for a two-year period. Canaccord Capital Corporation receives $27,000 and 60,000 non-transferable warrants, where each warrant is exercisable for one share at a price of 45 cents per share for a two-year period. Lockwood Financial Ltd. (Kevin Torudag) receives $18,900 and 42,000 non-transferable warrants, where each warrant is exercisable for one share at a price of 45 cents per share for a two-year period.