New Issue: Exmin Resources to sell C$1.09 million of stock in private placement

By Devika Patel

Knoxville, Tenn., Dec. 6 - Exmin Resources Inc. said it plans to conduct a C$1.09 million private placement of shares.

The company will sell 2,736,318 common shares at C$0.40 each to Hochschild Mining plc.

Proceeds will be used for rehabilitation and operation costs associated with the Moris Mine, which is jointly owned by Hochschild (70%) and Exmin (30%).

Exmin Resources is a precious metals exploration and development company based in Vancouver, B.C.

Issuer:	Exmin Resources Inc.
Issue:	Common shares
Amount:	C$1,094,527.20
Shares:	2,736,318
Price:	C$0.40
Warrants:	No
Investor:	Hochschild Mining plc
Pricing date:	Dec. 6
Settlement date:	Dec. 20
Stock symbol:	TSX Venture: EXM
Stock price:	C$0.35 at close Dec. 5

© 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.