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ALLIANCE MINING CORP. CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
(via Thenewswire.ca) Vancouver, British Columbia - Alliance Mining Corp. (the "Company" or "A...
About this update from Alliance Mining Corp.
[{"type":"text","content":"\nALLIANCE MINING CORP. CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT\n\n(via Thenewswire.ca)\n\n \nVancouver, British Columbia - Alliance Mining Corp. (the \"Company\" or \"Alliance\") announces that it has closed the first tranche of a non-brokered private placement consisting of up to 1,800,000 units (the \"Units\") at a purchase price of $0.25 per for proceeds of $450,000.00. Each Unit will consist of one common share and one transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share in the capital of the Company on or before August 29, 2013, at a purchase price of $0.30 per share.\n\n\n \nThe securities issued will be subject to a hold period and may not be sold until December 29, 2011.\n\n\n \nFinder's fees of up to 8% are payable on the Private Placement. Proceeds of the Private Placement will be used for exploration and working capital. The Private Placement will be subject to normal regulatory approvals.\n\n\n \nAbout Alliance:\n\n\n \nAlliance mining has been focused on acquiring and delineating highly prospective Gold and Silver mineral properties in Arizona's most prolific gold producing area - Yavapai County located in central Arizona. Over the past decade the company has built up an extensive inventory of geologically significant properties, most of whom have experienced gold and silver production in the past century. The company plans to take these properties to the next stage of exploration and development using modern techniques unavailable to earlier miners. An extensive exploration program is being planned for these precious metal assets in 2011, along with a strong emphasis on increasing shareholder value and liquidity\n\n\n \nON BEHALF OF THE BOARD\n\n\n \n\"Jan C. Ross\"\n\n\n \nMr. Jan C. Ross, President and CEO\n\n\n \nFOR FURTHER INFORMATION PLEASE CONTACT:\n\n\n \nAlliance Mining Corp.\n\n\n \nJan C. Ross, President and CEO\n\n\n \n(250) 319-4793\n\n\n \nThe CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.\n\n\n \nCertain of the statements made and information contained herein is \"forward-looking information\" within the meaning of the Ontario Securities Act. This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and ot...