By Laura Lutz
Des Moines, Dec. 31 - Cline Mining Corp. wrapped a private placement of flow-through shares for C$1 million.
The company sold 4 million flow-through shares at $0.25 apiece.
Dale M. Hendrick, a director of Cline, subscribed for 1.8 million shares.
Proceeds of the non-brokered placement will be used for exploration.
Cline is a mine development company based in Sudbury, Ont.
| Issuer: | Cline Mining Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1 million
|
| Units: | 4 million
|
| Price: | C$0.25
|
| Investor: | Dale M. Hendrick (for 1.8 million shares)
|
| Agent: | Non-brokered
|
| Settlement date: | Dec. 31
|
| Stock symbol: | Toronto: CMK
|
| Stock price: | C$0.22 at close Dec. 31
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
