![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Waymar Resources Ltd | TSXV:WYM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSLINE SERVICES Waymar Resources Ltd. (TSX VENTURE:WYM) ("Waymar" or the "Corporation") announces today that it has closed its previously announced private placement (the "Offering") pursuant to which it has issued an aggregate of 10,000,000 units ("Units") at a price of $0.40 per Unit to raise aggregate gross proceeds of $4,000,000. Each Unit consists of one common share and one-half of one share purchase warrant (each whole such share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of Waymar until June 29, 2012 at an exercise price of $0.55 per share, provided that if the closing price of the common shares of Waymar on the TSX Venture Exchange ("TSXV") is equal to or higher than $1.10 per share for a period of 20 consecutive trading days at any time after October 30, 2010, Waymar may accelerate the expiry date of the Warrants to the 30th day after the date on which notice of the accelerated expiry date is given to the holders of the Warrants by Waymar (the "Acceleration Provisions"). PowerOne Capital Markets Limited (the "Agent") acted as agent for the Corporation in the Offering and in connection therewith received an aggregate of 700,000 compensation options (the "Compensation Options"), each entitling the holder to acquire one unit (a "Compensation Unit") consisting of one common share and one-half of one share purchase warrant of the Corporation (each whole such warrant, a "Compensation Warrant") at an exercise price of $0.40 per Compensation Unit until June 29, 2012. Each Compensation Warrant will entitle the holder thereof to acquire one common share of Waymar until June 29, 2012 at an exercise price of $0.55 per share, subject to the Acceleration Provisions. All of the securities issued in the Offering are subject to a statutory hold period expiring on October 30, 2010. Waymar is also pleased to announce that it has appointed Mr. Horng Dih Lee as a director of the Corporation. Mr. Lee is currently the Chief Financial Officer and Corporate Secretary of Eastern Platinum Ltd. (TSX: ELR). Mr. Lee obtained his Chartered Accountant designation with Deloitte & Touche and holds an MBA from the University of British Columbia. He has more than 25 years of experience in finance, accounting, treasury and administration in public mining companies. Prior to joining Eastern Platinum, he held senior financial positions with Northern Orion Resources Inc. (formerly TSX listed), Ivanhoe Mines Ltd. (TSX: IVN) and Diamond Fields Resources Inc. Waymar is also pleased to announce that Mr. Pablo Marcet, the current President of the Corporation, has also been appointed as a director of the Corporation and Mr. Sean McDonald has been appointed as Chief Financial Officer of Waymar, each in place of Mr. Gerry Feldman, who has resigned as a director and Chief Financial Officer of Waymar effective as of the date hereof. Mr. Sean McDonald is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Natal, South Africa. Mr. McDonald has over 13 years of financial and accounting experience and during the past 3 years, Mr. McDonald has worked as a consultant providing financial and accounting services to various companies in the mineral exploration, precious metals and oil and gas industries. Over the 10 years prior to this, he held various management positions in various financial capacities, including Manager, Corporate Financial Forecasting and Planning at BC Hydro, and Manager, Forecasting and Revenue Accounting at Duke Energy's Gas Transmission Division. Ms Caroline Cook has also been appointed as Corporate Secretary of Waymar effective as of the date hereof. Each of the Offering and the director and officer appointments noted above remain subject to the final approval of the TSXV.
1 Year Waymar Resources Ltd Chart |
1 Month Waymar Resources Ltd Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions