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UPDATE: Calico Resources to Launch $872,000 Private Placement Financing; Climbs More than 15%

Calico Resources Corp. (CKB.V) announced a non-brokered private placement of up to 5.45 million units of the company at a price of $0.16 per unit. Each unit will consist of one common share and one-half of one transferable share purchase warrant.

Each full Warrant will entitle the holder to purchase one additional common share of the company for a period of two years from the closing date of the financing, at an exercise price of $0.28 per common share.

CKB jumped more than 15% to 15 cents, trading near 52-week low $0.125.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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