By Sheri Kasprzak
New York, Oct. 10 - Entourage Mining Ltd. said it has arranged a private placement of units for up to $1.05 million.
The company intends to sell up to 7 million units at $0.15 each.
The units are comprised of one share and one warrant. The warrants allow for the purchase of another share at $0.25 each for two years.
Based in Vancouver, B.C., Entourage is a mineral exploration company.
| Issuer: | Entourage Mining Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $1.05 million (maximum)
|
| Units: | 7 million (maximum)
|
| Price: | $0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Pricing date: | Oct. 10
|
| Stock price: | $0.31 at close Oct. 10
|
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