New Issue: Twin Mining closes C$1.06 million private placement of stock, units

By Sheri Kasprzak

New York, July 26 - Twin Mining Corp. said it has finished a non-brokered private placement for C$1,062,899.

The company sold 1,901,664 flow-through shares at C$0.18 each and 4,003,331 units at C$0.18 each.

The units are comprised of one share and one half-share warrant. The whole warrants provide for the purchase of an additional share at C$0.24 each for two years.

A total of 2,783,331 units were purchased by directors of the company. Directors bought a total of 387,777 flow-through shares.

Based in Toronto, Twin Mining is a gold and diamond exploration company.

Issuer:	Twin Mining Corp.
Issue:	Flow-through shares and units of one share and one half-share warrant
Amount:	C$1,062,899
Settlement date:	July 26
Stock price:	C$0.13 at close July 25
Flow-through shares
Issue:	Flow-through common shares
Shares:	1,901,664
Price:	C$0.18
Warrants:	No
Units
Issue:	Units of one share and one half-share warrant
Units:	4,003,331
Price:	C$0.18
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.24

© 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.