Business
Savoy Ventures Inc. Completes Initial Public Offering
(via Thenewswire.ca) October 22, 2013 - Vancouver, British Columbia. Savoy Ventures Inc....
About this update from Stallion Uranium Corp.
[{"type":"text","content":"Savoy Ventures Inc. Completes Initial Public Offering(via Thenewswire.ca)\n\n \nOctober 22, 2013 - Vancouver, British Columbia. Savoy Ventures Inc. (the \"Company\") (TSX-V: SVO) is pleased to announce that it successfully completed its initial public offering (the \"IPO\") of 4,000,000 common shares of the Company at a price of $0.15 per share for gross proceeds of $600,000 (the \"Proceeds\"). \n\n \n \nMackie Research Capital Corporation acted as agent (the \"Agent\") for the IPO. The Company paid to the Agent a cash commission equal to 10% of the Proceeds and granted to the Agent and the sub-agents non-transferable options to purchase 400,000 common shares of the Company at a price of $0.15 per share until October 22, 2015. The Agent also received a corporate finance fee.\n\n \n \nThe Company is also pleased to announce that it has received approval of its application to list its common shares on the TSX Venture Exchange (\"TSX-V\"). The Company anticipates that its common shares will commence trading on the TSX-V on October 24, 2013 under the trading symbol \"SVO\".\n\n \n \nAbout the Company\n\n \n \nThe Company currently has an option to acquire a one hundred percent (100%) interest in the Big Range Property situated approximately 23 kilometres east of Hope, British Columbia. The Big Range Property is comprised of fourteen mineral tenures covering approximately 6,859 hectares and is located in the New Westminster Mining Division of British Columbia. Exploration to date has identified three exploration targets on the Big Range Property, which exhibit anomalous values of gold, silver, copper and/or molybdenum. In particular, the Company will focus its exploration program on determining whether sedimentary hosted or structurally hosted gold deposits are located on the Big Range Property.\n\n \n \nThe Company intends to use the net proceeds of the IPO to fund an IP geophysical survey on the Big Range Property and for general working capital purposes.\n\n \n \nForward Looking Information\n\n \n \nInformation set forth in this press release contains forward-looking statements relating to the use of proceeds, are made as of October 22, 2013 and are based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The ...