Calgary-based Asamera Minerals has completed an initial public offering through Midland Doherty Ltd. and Dominion Securities Inc. Under the terms of the offering, Asamera has agreed to sell 2.5 million units, each consisting of one common share and one-half warrant for resale to the public at an issue price of $10 per unit.
Each warrant will entitle the holder to subscribe for one common share of Asamera Minerals Inc. at $12 for three years.
A final prospectus was filed with the Canadian Securities Commission, July 15.
A wholly-owned subsidary of Asamera Inc., Asamera Minerals has extensive interests in precious metal exploration and production in North America, including a 51% interest in the Cannon Gold mine in Wenatchee, Wash. The company also has 19 additional exploration and development projects.
Following this issue, Asamera Inc. will have a 90% interest in Asamera Minerals.
Asamera is an international organization whose major activities are the exploration, development and production of crude oil and natural gas and the exploration for and mining of minerals.
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