By Devika Patel
Knoxville, Tenn., July 3 - Normabec Mining Resources Ltd. said it completed a C$1.65 million non-brokered private placement of units.
The company sold 4,714,571 units at C$0.35 per unit.
Each unit consists of one common share and one half-share warrant. Each whole warrant is exercisable at C$0.55 for 18 months.
Proceeds will be used to advance the Real de Catorce Silver Project and for general working capital purposes.
Normabec is a mining company based in St-Bruno, Quebec.
| Issuer: | Normabec Mining Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1,650,099.85
|
| Units: | 4,714,571
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.55
|
| Agents: | Non-brokered
|
| Settlement date: | July 3
|
| Stock symbol: | TSX Venture: NMB
|
| Stock price: | C$0.385 at close July 2
|
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