San Marco Resources Inc. (TSXV:SMN) is arranging a non-brokered private placement of 7,000,000 units at $0.10 per unit for gross proceeds of $700,000.
As quoted in the press release:
Each unit will consist of one common share and one-half of a non-transferable warrant, each whole warrant exercisable to purchase a further share for 24 months at $0.20. After the four month restricted resale period expires, the expiry of the warrants may be accelerated if the closing price of the Company’s shares exceeds $0.40 per share for 20 consecutive trading days and the Company gives notice to the warrant holders that the warrants must be exercised or the warrants will expire in 30 days.
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MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1846.53 | +0.13 | |
| Silver | 21.75 | +0.03 | |
| Copper | 4.30 | +0.02 | |
| Palladium | 1968.65 | +11.53 | |
| Platinum | 957.67 | +3.19 | |
| Oil | 110.35 | -1.86 | |
| Heating Oil | 3.62 | -0.05 | |
| Natural Gas | 8.06 | -0.25 | |