By Sheri Kasprzak
Atlanta, June 15 - Mansfield Minerals Inc. said it plans to raise C$1.4 million in a private placement.
The offering includes 3.5 million units at C$0.40 each, sold on a non-brokered basis.
The units are comprised of one share and one half-share warrant. The full warrants provide for an additional share at C$0.60 each for 18 months.
Based in Vancouver, B.C., Mansfield is a mineral exploration company. The proceeds will be used for exploration on the company's properties in northwestern Argentina. The remainder will be used for working capital.
| Issuer: | Mansfield Minerals Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.4 million
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| Units: | 3.5 million
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| Price: | C$0.40
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$0.60
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| Pricing date: | June 15
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| Stock price: | C$0.43 at close June 14
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