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1514341 Ontario Inc. Intends to Acquire 1 Million Pasinex Resources Shares
Dec. 12, 2014 10:26AM PST
Base Metals Investing
Pasinex Resources Limited (CSE:PSE) reported that 1514341 Ontario Inc. intends to acquire 1,000,000 common shares at $0.11 per share and 500,000 warrants to acquire common shares of the Issuer at a price of $0.18 per share expiring two years from closing. Following the transaction, 1514341 Ontario Inc. will own 12,358,500 common shares representing 15.88% of the outstanding common shares of Pasinex.
Pasinex Resources Limited (CSE:PSE) reported that 1514341 Ontario Inc. intends to acquire 1,000,000 common shares at $0.11 per share and 500,000 warrants to acquire common shares of the Issuer at a price of $0.18 per share expiring two years from closing. Following the transaction, 1514341 Ontario Inc. will own 12,358,500 common shares representing 15.88% of the outstanding common shares of Pasinex.
As quoted in the press release:
Larry Seeley owns all of the common shares of the Company and members of the family of Larry Seeley own a further 3,948,718 common shares of the Issuer and 100,000 Warrants to purchase common shares at $0.20 expiring on April 22, 2017. An aggregate of 16,307,218 common shares representing 20.95% of the outstanding common shares of the Issuer are owned or controlled, directly or indirectly, by the Company, Larry Seeley and members of his family.
Click here to read the Pasinex Resources Limited (CSE:PSE) press release
Click here to see the Pasinex Resources Limited (CSE:PSE) profile.