By Sheri Kasprzak
New York, June 27 - Miramar Mining Corp. has negotiated a C$15.08 million private placement.
The offering includes up to 2.9 million flow-through shares at C$5.20 each.
The deal is being placed through a Canadian underwriter.
The placement is scheduled to close July 12.
Proceeds will be used for exploration on the company's work program at Hope Bay.
Based in Vancouver, B.C., Miramar Mining is a gold exploration company.
| Issuer: | Miramar Mining Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$15.08 million
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| Shares: | 2.9 million
|
| Price: | C$5.20
|
| Warrants: | No
|
| Pricing date: | June 27
|
| Settlement date: | July 12
|
| Stock symbol: | Toronto: MAE
|
| Stock price: | C$4.49 at close June 26
|
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