Halifax, Nova
Scotia, November 2, 2007 -- Etruscan Resources Inc. (EET.TSX) is
pleased to announce that it has closed its previously announced public offering
of 11,700,000 units of the Company at a price of $3.00 per unit for gross
proceeds of Cdn$35,100,000. Each unit consists of one common share and one-half
of one common share purchase warrant. Each whole warrant entitles the holder to
purchase one common share of the Company until November 2, 2010 at an exercise
price of $4.00 per common share.
CIBC World Markets and Cormark Securities Inc. acted as
co-lead underwriters for the offering. The Company has granted the underwriters
an over-allotment option to purchase an additional 1,755,000 common shares and
877,500 warrants, exercisable at any time up to 30 days from the closing of the
Offering.
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Etruscan Resources Inc.
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CODE : EET.TO |
ISIN : CA29786L1022 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Etruscan Res. is a producing company based in Canada. Etruscan Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 166.1 millions as of today (US$ 165.6 millions, € 127.6 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.48, and its lowest recent point on July 17, 2009 at CA$ 0.18. Etruscan Res. has 338 894 000 shares outstanding. |