archon minerals ltd (ACS:Venture)
Transactions by ARCHON MINERALS LTD (ACS) in the last 6 months
Archon Minerals Ltd. (TSXV:ACS) announced a private placement of convertible loan for gross proceeds of CAD 8,000,000 on November 7, 2014. The loan has a term of three years and bears an interest rate of 5% per annum, compounded annually. The loan is convertible into shares of common stock at CAD 1.35 per share during the first year, CAD 1.45 per share during the second year, and CAD 1.55 per share during third year. The round will include participation from President ...
Archon Minerals Ltd. (TSXV:ACS) agreed to acquire an additional 3.47% stake in Buffer Zone of Ekati Diamond Mine from Chuck Fipke for $5.9 million on September 8, 2014. The purchase price is subject to adjustments. Archon will increase its stake from 31.2% to 34.67%. The funds for this acquisition will be provided by a convertible loan from Stewart Blusson. The date of closing is yet to be ascertained. Archon Mineral has financed the deal with $7.5 million of convertible ...
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