New Issue: Mantis wraps C$1.95 million private placement of units with C$500,000 tranche

By Devika Patel

Knoxville, Tenn., July 22 - Mantis Mineral Corp. said it raised C$500,000 in the second tranche of $1.95 million private placement of units. The deal priced for C$1.52 million on June 18 and the company took in C$1.45 million in the first tranche on July 11.

The company sold 6,312,000 units at C$0.23 apiece in the first tranche and 2,173,913 units in the second, for 8,485,913 units total. Each unit consists of one flow-through common share and one half-share warrant.

Each whole warrant is exercisable at C$0.35 for one year.

Citadel Securities Inc. was the agent.

Mantis is a Toronto-based exploration company with gold and base metal properties.

Issuer:	Mantis Mineral Corp.
Issue:	Units of one flow-through common share and one half-share warrant
Amount:	C$1,951,759.99
Units:	8,485,913
Price:	C$0.23
Warrants:	One half-share warrant per unit
Warrant expiration:	One year
Warrant strike price:	C$0.35
Agent:	Citadel Securities Inc.
Pricing date:	June18
Settlement date:	July 11 (for C$1,451,760), July 22 (for C$499,999.99)
Stock symbol:	CNQ: MINE
Stock price:	C$0.245 at close July 11

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