New Issue: Metalline Mining concludes $1.02 million private placement of units

By Devika Patel

Knoxville, Tenn., Aug. 4 - Metalline Mining Co. took in $1.02 million in a private placement of units on July 31, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 4,070,040 units of one common share and one half-share warrant at $0.25 per unit. Each whole warrant will be exercisable at $0.50 for three years.

Based in Coeur d'Alene, Idaho, Metalline is a mineral exploration company focused on properties in Mexico.

Issuer:	Metalline Mining Co.
Issue:	Units of one common share and a half-share warrant
Amount:	$1,017,510
Units:	4,070,040
Price:	$0.25
Warrants:	One half-share warrant per unit
Warrant expiration:	Three years
Warrant strike price:	$0.50
Settlement date:	July 31
Stock symbol:	Amex: MMG
Stock price:	$0.29 at close July 31
Market capitalization:	$12.1 million

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