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RR1:AU
Rights Issue and Shortfall
DuSolo Announces Million Private Placement of Up to C$3.5 Million
Apr. 19, 2016 11:15AM PST
Phosphate Investing
DuSolo Fertilizers Inc. (TSXV:DSF) announced a non-brokered private placement to raise between C$3.0 million and C$3.5 million through the issuance of common shares of the Company at a price of C$0.04 per Share.
DuSolo Fertilizers Inc. (TSXV:DSF) announced a non-brokered private placement to raise between C$3.0 million and C$3.5 million through the issuance of common shares of the Company at a price of C$0.04 per Share. This will result in the issuance of between 75,000,000 and 87,500,000 Shares of the Company. The Company expects to close the Private Placement on or around April 30 2016, subject to TSXV approval.
Proceeds from this financing will be used approximately as follows:
| G&A / Salaries | – | C$0.28m |
| Mine / Plant / Exploration | – | C$0.73m |
| Property Payments | – | C$1.19m |
| PEA / Permitting | – | C$0.80m |
In the event that funds over C$3.0m are received by the Company it is anticipated that such proceeds will be used to undertake additional product development testwork.
Connect with DuSolo Fertilizers Inc. (TSXV:DSF) to receive an Investor Presentation.
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