The first tranche of the previously announced financing (April 2) was announced today. Interestingly, the non flow through and flow through components of the issuance were priced at the same level, that being 0.05. This first tranche only amounts to about $88,000, which at least is sufficient to conduct select prospecting, mapping and sampling on its recent graphite acquisitions, Lower Seal Harbour or Uniacke gold projects. Some actual results might actually propel the market cap above the ridiculously low $1 million market cap.
Also, as shown below, Eugene Beukman and Mike Taylor both took part in the recent financing.
Have a great weekend.
Beatrix Ventures flow-through, NFT private placement
2012-05-24 16:14 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced April 2, 2012.
Shares: 500,000 flow-through shares; 1,175,000 non-flow-through shares
Price: five cents per flow-through share and non-flow-through share
Warrants: 250,000 share purchase warrants to purchase 250,000 shares (flow-through units); 1,175,000 share purchase warrants to purchase 1,175,000 shares (non-flow-through units)
Exercise price: five cents for a two-year period
Insiders: Eugene Beukman 300,000 NF/T; Michael Taylor 200,000 F/T
Finder's fee: Macquarie Private Wealth Inc. will receive a finder's fee of $400 and 4,000 non-transferable share purchase warrants that are exercisable into common shares at 10 cents per share for a two-year period.