Pershimco Resources Announces Its Intent to Proceed With a Private Placementadmin
Pershimco Resources Inc. announces its intent to realize a brokered arm’s length private placement for subscriptions amounting to a minimum of Cdn$1,000,000 and a maximum of Cdn$2,000,000 for a subscription price of $0.17 per unit, subject to the approval of the TSX Venture Exchange and regulatory authorities.
Each unit will consist of one Class “A” common share of the Corporation (the “Common Share”) and one warrant (the “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.35 per Common Share for a period of 12 months from the date of issuance of the Warrant. If the Common Shares price maintains itself above $0.40 for 15 consecutive trading days, the exercise price will be of $0.50 for the remaining period. Each issued Common Share will be subject to a mandatory 4 month holding period.