Energizer Resources (TSX:EGZ,OTCBB:ENZR,FWB:YE5) announced the closing of the issue of a total of 5,807,142 units of the Company at US$0.35 per Unit for total gross proceeds of US$2,032,500.
As quoted in the press release:
Each Unit was comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase one common share of the Company at an exercise price of US$0.50 for a period of 24 months from the date of issue.
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