Corriente Resources (CTQ-T) will use proceeds from a $20-million brokered private placement to fund exploration in Peru and Argentina.
The company closed a private placement of 1.5 million special warrants priced at $13.50 each.
A special warrant is exchangeable into one unit, which consists of one share and a half-share purchase warrant. One full warrant entitles the purchase of an additional share at $15 on or before Feb. 18, 1998.
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