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Heliostar Upsizes Previously Announced Brokered Private Placement to $5,600,000
Heliostar Upsizes Previously Announced Brokered Private Placement to $5,600,000 ...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"\n \n \n \n Heliostar Upsizes Previously Announced Brokered Private Placement to $5,600,000\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR TO U.S. PERSONS/\n \n \n \n VANCOUVER, BC\n \n ,\n \n April 14, 2021\n \n /CNW/ - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FRA: RGG1) (\n \n \"Heliostar\"\n \n or the\n \n \"Company\"\n \n ) is pleased to announce that it has amended its agreement with Canaccord Genuity Corp., as lead agent, on behalf of a syndicate of agents including Sprott Capital Partners LP, Agentis Capital and Haywood Securities Inc. (collectively, the\n \n \"Agents\"\n \n ) to increase the size of its marketed private placement of Units to a new total of up to 5,348,616 Units for total gross proceeds of up to\n \n C$5,616,047\n \n (the\n \n \"Revised Offering\n \n \").  As previously announced in the Company's press release of\n \n April 8, 2021\n \n , the offering was originally to consist of up to 3,809,524 Units with aggregate gross proceeds of up to\n \n C$4,000,000\n \n (the\n \n \"Original Offering\"\n \n ).  The size of the Agent's over-allotment option remains unchanged at 571,429 Units.\n \n \n In the Revised Offering, the Company proposes to issue up to 5,348,616 Units at a price of\n \n $1.05\n \n per Unit.  Each Unit will consist of one common share in the capital of the Company (each a\n \n \"Common Share\"\n \n ) and one half of one common share purchase warrant (each whole warrant a\n \n \"Warrant\"\n \n ).  Each Warrant shall be exercisable for one Common Share at an exercise price of\n \n $1.70\n \n for a period of 12 months following the Closing Date.\n \n \n The Warrants may be accelerated by the Company, at its sole option, at any time after the closing date of the Offering provided that the daily volume-weighted average trading price of the common shares of the Company on the TSX Venture Exchange is greater th...