Saint Jean Carbon (TSXV:SJL) completed its non-brokered private placement for gross proceeds of $75,000. The private placement consisted of 1,500,000 units at a price of $0.05 per unit.
As quoted in the press release:
Each Unit consists of one (1) common share (“Common Share”) in the capital of the Company and one (1) Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share of the Company for a period of two (2) years from the closing of the Offering at an exercise price of $0.05.