San Anton Announces Completion of Rights Offering
San Anton Resource Corporation (TSE:SNN) announced that it has completed its previously announced rights offering. Under the offering, San Anton has issued 22,080,351 common shares at a price of $0.15 per share for gross proceeds to the Company of $3,312,052.
The press release is quoted as saying:
Kings Minerals Mexico Pty Ltd., which owned 71.3% of the issued and outstanding common shares of the Company prior to the completion of the rights offering and is a wholly-owned subsidiary of Australian Securities Exchange-listed Kings Mineral NL, purchased 18,750,000 shares under the rights offering for gross proceeds of $2,812,500 to the Company, representing its approximate pro rata portion of the rights offering.
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