The final prospectus for a $20-million offering of units was recently released by Cominco Resources International (TSE).
The company plans to issue 8.334 million units at a price of $2.40 per unit. The units include a share and half-a-share purchase warrant exercisable at $2.80 until Sept. 29, 1994.
The company plans to use the funds for the construction of a nickel ore importation facility for its Glenbrook nickel refinery in Oregon, as well as for exploration and development at its Cerattepe copper project in Turkey. Underwriters RBC Dominion Securities and Midland Walwyn Capital expect to close the issue on June 4.
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