By Laura Lutz
Des Moines, Sept. 14 - Twin Mining Corp. completed a private placement of stock for C$4.291 million.
The company sold 37,313,045 common shares at C$0.115 each.
Members of Twin Mining's board invested for a total of C$350,000 in the offering.
Twin Mining may complete additional tranches with the same terms by Oct. 6 for up to C$792,000.
Proceeds will be used to advance the company's Atlanta Gold project in Idaho and for working capital.
Fort House Inc. was the agent for the deal.
Twin Mining is a Toronto-based gold and diamond mining company.
| Issuer: | Twin Mining Corp.
|
| Issue: | Stock
|
| Amount: | C$4.291 million
|
| Shares: | 37,313,045
|
| Price: | C$0.115
|
| Warrants: | No
|
| Agent: | Fort House Inc.
|
| Settlement date: | Sept. 14
|
| Stock symbol: | Toronto: TWG
|
| Stock price: | C$0.125 at close on Sept. 14
|
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