By Sheri Kasprzak
New York, Feb. 22 - Mantle Resources Inc. said it has settled a private placement for C$3.75 million.
The company sold 3 million units at C$1.25 each.
The units include one flow-through share and one half-share warrant. Each whole warrant is exercisable at C$1.50 for one year.
Pacific International Securities Inc. was the placement agent.
Based in Vancouver, B.C., Mantle is a mineral exploration company.
| Issuer: | Mantle Resources Inc.
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| Issue: | Units of one flow-through share and one half-share warrant
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| Amount: | C$3.75 million
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| Units: | 3 million
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| Price: | C$1.25
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$1.50
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| Placement agent: | Pacific International Securities Inc.
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| Settlement date: | Feb. 22
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| Stock symbol: | TSX Venture: MTS
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| Stock price: | C$1.35 at close Feb. 22
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