By Devika Patel
Knoxville, Tenn., Sep. 15 - Mantle Resources Inc. said it plans to conduct a C$3.78 million non-brokered private placement of stock.
The company will sell 4.2 million common shares at C$0.90 apiece.
Proceeds will be used for exploration.
Mantle Resources, formerly known as Mantle Minerals Inc., is mineral resource exploration company based in Vancouver, B.C.
| Issuer: | Mantle Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$3.78 million
|
| Shares: | 4.2 million
|
| Price: | C$0.90
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 15
|
| Stock symbol: | TSX Venture: MTS
|
| Stock price: | C$0.75 at close Sept. 12
|
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