Energizer Resources Sets Private Placement Price at C$0.12

Energizer Resources Inc. (TSX:EGZ,OTCQX:ENZR,FWB:YE5) reported that the subscription receipts of the Company – for the previously announced private placement offering – have now been priced at $C0.12 per subscription receipt and the closing of the first tranche will be on January 14,2014.

As quoted in the press release:

The Company announced on November 21, 2013 that it was conducting a brokered private placement of subscription receipts. On exercise of each subscription receipt, the holder is entitled to one common share (“Common Share”) and one half of one warrant (each whole warrant, a “Warrant”) of the Company (collectively, a “Unit”). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company at a price of C$0.18 per share.

Click here to read the Energizer Resources Inc. (TSX:EGZ,OTCQX:ENZR,FWB:YE5) press release
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