By Laura Lutz
Des Moines, Oct. 26 - RJZ Mining Corp. plans to complete a private placement for up to C$1.08 million.
The company intends to sell up to 9 million common shares at C$0.12 per share.
Proceeds of the non-brokered placement will be used for exploration and development at the company's Magadan property in Russia, investment or development in other projects and general operating expenses.
Some insiders of RJZ are expected to participate in the placement.
RJZ is a Calgary, Alta.-based mining company.
| Issuer: | RJZ Mining Corp.
|
| Issue: | Stock
|
| Amount: | C$1.08 million
|
| Shares: | 9 million
|
| Price: | C$0.12
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 26
|
| Stock symbol: | TSX Venture: RJZ
|
| Stock price: | C$0.40 at close Oct. 26
|
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