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Wildcat Increases Size of Private Placement
Wildcat Increases Size of Private Placement.
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"\n\n\n\nWINNIPEG, Oct. 4 /CNW/ - Wildcat Exploration Ltd. (WEL: TSX-V) ("Wildcat"\nor the "Company") is pleased to announce that due to excess demand, the\nCompany will increase the size of its non-brokered private placement (the\n"Private Placement") previously announced August 21, 2007, subject to\nregulatory approval.\n\n\nThe Company had previously received conditional regulatory approval for\nthe Private Placement of up to 2,800,000 flow-through common shares\n("Flow-Through Shares") at a price of $0.25 per share, and up to 1,500,000\nnon-flow-through common shares ("Non Flow-Through Shares") at a price of $0.20\nper share, for gross proceeds of up to $1,000,000. Due to oversubscription of\nthe Private Placement, the Company will seek conditional regulatory approval\nfor the Private Placement of up to an additional 3,800,000 Flow-Through Shares\nand up to an additional 750,000 Non Flow-Through Shares for additional gross\nproceeds of up to $1,100,000.\n\n\nSubject to final regulatory approval, the Company is to pay cash finders'\nfees of 5% of the gross proceeds raised from the Private Placement and to\nissue non-transferable finders' warrants to purchase such number of common\nshares (some of which may be issued on a flow-through basis) as is equal to 5%\nof the number of Flow-Through Shares and Non Flow-Through Shares sold under\nthe Private Placement. The finders' warrants will have an exercise price of\n$0.25 per share and are to be exercisable for one year.\n\n\nProceeds from the sale of the Flow-Through Shares will be used for\nexploration in the Company's projects in Canada and the proceeds from the sale\nof the Non Flow-Through Shares will be used for working capital purposes.\n\n\nAbout Wildcat Exploration Ltd.\n\n\nWildcat Exploration Ltd. is a Winnipeg-based company exploring for gold\nand base metals in Canada. Its portfolio includes: (1) the Foster River zinc\nproject in Saskatchewan, (2) three gold properties and one gold and platinum\ngroup element (PGE) property in the Rice Lake greenstone belt in Manitoba, and\n(3) two PGE properties in the Snow Lake area of Manitoba. As the Company\nbuilds its property portfolio, Wildcat welcomes proposals from owners of\nadvanced Canadian exploration properties.\n\n\nThe TSX Venture Exchange does not accept responsibility ...