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Inform Resources Corp. (TSXV:IRR) announced a non-brokered private placement where the Company will issue an aggregate of up to 3,333,333 units at a price of $0.30 per Unit to raise gross proceeds of up to $1,000,000.00 and an aggregate of up to 7,142,857 flow-through units at a price of $0.35 per FT Unit to raise gross proceeds of up to $2,500,000.00.
Inform Resources Corp. (TSXV:IRR) announced a non-brokered private placement where the Company will issue an aggregate of up to 3,333,333 units at a price of $0.30 per Unit to raise gross proceeds of up to $1,000,000.00 and an aggregate of up to 7,142,857 flow-through units at a price of $0.35 per FT Unit to raise gross proceeds of up to $2,500,000.00.
As quoted in the press release:
Each Unit will consist of one common share of the Company (each, a “Share”) and one-half of one common share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire an additional Share for a period of 18 months following the date of issuance of the Units at a price of $0.50 per Share. Each FT Unit will consist of one Share, to be issued as a “flow-through share” (as defined in the Income Tax Act (Canada)) and one-half of one non flow-through Warrant. Each Warrant will entitle the holder to acquire an additional non flow-through Share for a period of 18 months following the date of issuance of the FT Units at a price of $0.50 per Share.
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