Published on 3/12/2007 in the Prospect News PIPE Daily.
New Issue: Metalline Mining settles $5.67 million placement of units
By Sheri Kasprzak
New York, March 12 - Metalline Mining Co. wrapped a private placement for $5.67 million.
The company sold 1,206,785.5 units at $4.70 each.
Each unit consists of two shares and one warrant. The warrants are exercisable at $2.42 each through March 6, 2011.
Based in Coeur d'Alene, Idaho, Metalline is a mineral exploration company focused on properties in Mexico.
| Issuer: | Metalline Mining Co.
|
| Issue: | Units of two shares and one warrant
|
| Amount: | $5.67 million
|
| Units: | 1,206,785.5
|
| Price: | $4.70
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | March 6, 2011
|
| Warrant strike price: | $2.42
|
| Settlement date: | March 6
|
| Stock symbol: | Amex: MMG
|
| Stock price: | $2.43 at close March 6
|
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