By Laura Lutz
Des Moines, Nov. 27 - Mantle Resources Inc. upsized its private placement of flow-through stock to C$3 million and priced a C$383,500 private placement of non flow-through shares.
Mantle now plans to sell 1,875,000 flow-through common shares at C$1.60 each on a non-brokered basis.
Lundin Mining Corp. will buy 295,000 non flow-through shares at C$1.30 each.
Proceeds will be used for exploration.
Mantle Resources, formerly known as Mantle Minerals Inc., is mineral resource exploration company based in Vancouver, B.C.
Flow-through shares
| Issuer: | Mantle Resources Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$3 million
|
| Shares: | 1,875,000
|
| Price: | C$1.60
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 12
|
| Upsized: | Nov. 27
|
| Stock symbol: | TSX Venture: MTS
|
| Stock price: | C$1.24 at close Nov. 9; C$0.94 at close Nov. 26
|
|
|
| Non flow-through shares
|
| Issuer: | Mantle Resources Inc.
|
| Issue: | Non flow-through shares
|
| Amount: | $383,500
|
| Shares: | 295,000
|
| Price: | C$1.30
|
| Warrants: | No
|
| Investor: | Lundin Mining Corp.
|
| Pricing date: | Nov. 27
|
| Stock symbol: | TSX Venture: MTS
|
| Stock price: | C$0.94 at close Nov. 26
|
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