By Devika Patel
Knoxville, Tenn., Nov. 23 - Constitution Mining Corp. said it completed a $4.88 million private placement of units.
The company sold 7.5 million units of one common share and one warrant at $0.65 per unit. Each warrant will be exercisable at $1.00 for one year.
R.F. Lafferty & Co., Inc. was the agent.
Proceeds will be used for exploration and working capital.
Tempe, Ariz.'s Constitution Mining is a mining company with gold and silver interests in South America.
| Issuer: | Constitution Mining Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $4,875,000
|
| Units: | 7.5 million
|
| Price: | $0.65
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $1.00
|
| Agent: | R.F. Lafferty & Co., Inc.
|
| Settlement date: | Nov. 23
|
| Stock symbol: | OTCBB: CMIN
|
| Stock price: | $1.17 at close Nov. 20
|
| Market capitalization: | $80.4 million
|
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