Mr. Todd Morgan reports
ARMISTICE RESOURCES ANNOUNCES $5 MILLION FINANCING
Armistice Resources Corp. has engaged
Canaccord Genuity Corp. to act as agent in connection
with a proposed fully marketed private placement to raise gross
proceeds of approximately $5-million. The offering
will consist of the sale of units priced at 16 cents per
unit and flow-through common shares priced
at 20 cents per flow-through share.
Each unit shall consist of one common share in the company and one-half of one common share purchase warrant of the
company, exercisable for a period of 24
months from the closing date (as herein defined). Each whole warrant
shall be exercisable into one common share at a price of 25 cents per
The net proceeds of the offering will be for the advancement of the
company's assets and for general working capital purposes.
The closing of the offering is expected to occur on Oct. 24, 2012, or such earlier or later date as may be agreed
upon by the company and the agent.
Terms of the offering are subject to acceptance by the Toronto Stock
We seek Safe Harbor.