By Sheri Kasprzak
New York, Dec. 23 - Manicouagan Minerals Inc. closed its previously announced private placement for C$1.5 million.
The company sold 10 million flow-through shares at C$0.15 each.
Blackmont Capital Inc. was the placement agent
The deal was first announced as a C$1,245,000 offering of up to 8.3 million flow-through shares under the same terms.
Proceeds will be used for exploration on the company's Manicouagan crater property.
Based in Toronto, Manicouagan is a mineral exploration company.
| Issuer: | Manicouagan Minerals Inc.
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| Issue: | Flow-through shares
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| Amount: | C$1.5 million
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| Shares: | 10 million
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| Price: | C$0.15
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| Warrants: | No
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| Placement agent: | Blackmont Capital Inc.
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 23
|
| Stock price: | C$0.155 at close Dec. 15
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| Stock price: | C$0.15 at close Dec. 23
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