Company News: Volta Resources Last Update: 12 Nov 2010
Press Release: VOLTA RESOURCES ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS AND THE KIAKA NI 43-101 REPORT
- Date: 15 Jul 2010
- Category: Standard Release
- Description: Toronto, ON – July 15, 2010 - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announces that it has received a receipt dated July 14, 2010 for a final Short Form Prospectus filed with the securities commission in each of the provinces of Alberta, British Columbia Manitoba and Ontario, relating to its previously announced private placement of special warrants with a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities L.P., Wellington West Capital Markets Inc., Rodman & Renshaw, LLC and M Partners Inc. (collectively, the "Underwriters") (See press release dated June 21, 2010). The Underwriters had purchased 22,258,000 special warrants on an underwritten bought deal private placement basis, at a price of $1.55 per special warrant for aggregate gross proceeds to the Company of $34,499,900. Each special warrant entitled the holder thereof to receive, without payment of additional consideration, one common share of Volta. As a result, the 22,258,000 common shares issuable upon exercise of the special warrants are now qualified for distribution to the public.
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