By Laura Lutz
Des Moines, April 11 - FinMetal Mining Ltd. completed a private placement of units for $3.045 million.
The company sold 2.436 million units of one share and one half-share warrant at $1.25 per unit. Each whole warrant will be exercisable at $1.75 for one year.
Proceeds will be used for exploration and development of the company's nickel and gold properties in Finland.
FinMetal is a metals exploration company based in Tampere, Finland.
| Issuer: | FinMetal Mining Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $3.045 million
|
| Units: | 2.436 million
|
| Price: | $1.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $1.75
|
| Settlement date: | April 11
|
| Stock symbol: | OTCBB: FNMM
|
| Stock price: | $1.15 at close April 10
|
© 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.
