By Devika Patel
Knoxville, Tenn., Dec. 4 - Moneta Porcupine Mines Inc. said it completed a C$4.2 million non-brokered private placement of units.
The company sold 12 million units at C$0.35 apiece. Each unit consists of one flow-through common share and one half-share warrant. Each whole warrant will be exercisable at C$0.45 for 18 months.
Proceeds will be used for exploration and development.
Moneta a Timmins, Ont.-based mineral resource exploration and development company.
| Issuer: | Moneta Porcupine Mines Inc.
|
| Issue: | Units of one flow-through common share and one half-share warrant
|
| Amount: | C$4.2 million
|
| Units: | 12 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Settlement date: | Dec. 4
|
| Stock symbol: | Toronto: ME
|
| Stock price: | C$0.41 at close Dec. 3
|
| Market capitalization: | C$41.8 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
