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Viridian Metals to Raise C$1.0 Million in a Private Placement of Share Units

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Viridian Metals (VRDN.CN) intends to complete a non-brokered private placement for up to C$1 million, it said in a statement on Monday.

The company will up to 2.2-million units at C$0.45 apiece and made up of a share and one-half of a two-year warrant to buy a share for C$0.60..

Proceeds are expected to be used for establishing an investor relations, corporate communications and market awareness budget, and for general corporate and working capital needs, it said.

Shares of the company were last seen down 1.5% at C$0.64 on the Canadian Securities Exchange.

Price: $0.64, Change: $-0.01, Percent Change: -1.54%

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