By Sheri Kasprzak
New York, June 22 - GobiMin Inc. has negotiated the terms of a C$7,004,000 private placement.
The offering includes 4.12 million shares at C$1.70 each.
The placement is being placed through a syndicate of agents led by Desjardins Securities Inc. and including MGI Securities Inc. and Wellington West Capital Markets Inc.
The deal is scheduled to close July 5.
Proceeds will be used for exploration and for the acquisition of additional properties. The rest will be used for working capital.
Based in Montreal, GobiMin is a mineral exploration company.
| Issuer: | GobiMin Inc.
|
| Issue: | Stock
|
| Amount: | C$7,004,000
|
| Shares: | 4.12 million
|
| Price: | C$1.70
|
| Warrants: | No
|
| Placement agents: | Desjardins Securities Inc. (lead), MGI Securities Inc. and Wellington West Capital Markets Inc.
|
| Pricing date: | June 22
|
| Settlement date: | July 5
|
| Stock symbol: | TSX Venture: GMN
|
| Stock price: | C$2.00 at close June 22
|
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