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Oceanus Resources Corporation Announces $5 Million Bought Deal Financing
HALIFAX, NOVA SCOTIA--(Marketwired - June 1, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION D
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"HALIFAX, NOVA SCOTIA--(Marketwired - June 1, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. Oceanus Resources Corporation (\"Oceanus\" or the \"Company\") (TSX VENTURE:OCN) is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation and PI Financial Corporation as co-lead underwriters, pursuant to which they have agreed to purchase, on a bought deal basis, 21,739,130 units of the Company (the \"Units\") at a price of $0.23 per Unit, for gross proceeds to the Company of approximately $5,000,000 (the \"Offering\"). The Company will also grant to the Underwriters an over-allotment option (the \"Over-Allotment Option\") to increase the size of the Offering by up to an additional 15% of the number of Units sold under the Offering at a price of $0.23 per Unit, such option being exercisable in whole or in part at any time prior to 30 days after the closing of the Offering. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder to acquire an additional common share at a price of $0.39 during the period ending 24 months following the closing of the Offering. The net proceeds of the Offering will be used for the advancement and the development of the El Tigre Project and for working capital and general corporate purposes. The Units to be issued under the Offering will be offered by way of a short form prospectus in all of the provinces of Canada, other than the Province of Quebec. The Offering is scheduled to close on or about June 21, 2016 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities. The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S...