BN warrants priced at 67c...
2007-10-25 11:05 ET - News Release
Mr. Michael Judson reports
BLUE NOTE MINING INC. PRICES OFFERING OF UNITS
Further to news in Stockwatch on Oct. 23, 2007, and Oct. 24, 2007, Blue Note Mining Inc. has priced its public offering of units. The company has agreed with a syndicate of agents led by Desjardins Securities Inc. and including Salman Partners Inc. for the issuance by the agents of 71.5 million units at a price of 56 cents per unit for gross proceeds of $40.04-million. The offering price was determined by negotiation between the company and the agents.
Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant shall be exercisable for one common share for a period of 24 months following the closing of the offering at a price of 67 cents.
The agents will have an option, exercisable for a period of 30 days following the closing date of the offering, to purchase from the company that number of units representing up to 15 per cent of the offering.
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