Buchans Minerals Corporation (TSXV:BMC)Basic Shares 124.6 million
Fully Diluted 140.5 million
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Buchans is cashing up for its extensive exploration plans on its arsenal of properties for 2011 with the help of Northern Securities.
The $3 million dollars will be used to exploit various properties that have been the subject of a series of recent announcements. Further information on all of these properties can be found by reading our past blogs by clicking here...
The Offering is comprised of $1,500,000 of Units and $1,500,000 of Flow-Through Units. Each Unit will be offered at $0.11 per Unit and will consist of one common share and one common share purchase warrant (a "Hard Dollar Warrant"), with each Hard Dollar Warrant entitling the holder to acquire one common share at an exercise price of $0.17 for a period of two years.
Each Flow-Through Unit will be offered at $0.13 per Flow-Through Unit and will consist of one common share and a half common share purchase warrant (each whole warrant a "Warrant"), with each Warrant entitling the holder to acquire one common share at an exercise price of $0.18 for a period of two years.
The Offering is comprised of $1,500,000 of Units and $1,500,000 of Flow-Through Units. Each Unit will be offered at $0.11 per Unit and will consist of one common share and one common share purchase warrant (a "Hard Dollar Warrant"), with each Hard Dollar Warrant entitling the holder to acquire one common share at an exercise price of $0.17 for a period of two years.
Each Flow-Through Unit will be offered at $0.13 per Flow-Through Unit and will consist of one common share and a half common share purchase warrant (each whole warrant a "Warrant"), with each Warrant entitling the holder to acquire one common share at an exercise price of $0.18 for a period of two years.
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