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Meridian Mining Announces Closing of Private Placement
Meridian Mining Announces Closing of Private Placement Canada NewsWire AMSTERDAM...
About this update from Meridian Mining Plc
[{"type":"text","content":"\n\n\n\nMeridian Mining Announces Closing of Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nAMSTERDAM, The Netherlands, May 16, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nAMSTERDAM, The Netherlands, May 16, 2017 /CNW/ - Meridian Mining S.E. (TSX V: MNO) (\"Meridian\" or the \"Company\"), is pleased to announce it has closed its previously announced private placement of units (the \"Units\") of the Company (the \"Private Placement\").  The Company issued in aggregate a total of 12,734,500 Units at a price of $0.40 per Unit for gross proceeds of $5,093,800, more than the 11,250,000 Units ($4,500,000) originally contemplated in the release dated April 28, 2017.  Each Unit consisted of one common share of the Company (a \"Share\") and one common share purchase warrant (each whole warrant a \"Warrant\").  Each Warrant entitles the holder thereof to acquire one Share of the Company at an exercise price of $0.65 for a period of 24 months from closing. \n\n\n \n \n\n \nManagement and insiders subscribed for 10,334,000 Units for $4,133,600 in total proceeds to the Company.\n\nThe Company has agreed to pay commissions on the sale of certain Units in accordance with the policies of the TSX Venture Exchange.  The Company agreed to pay Paradigm Capital Inc. (\"Paradigm\") a finder's fee equal to 6% of the aggregate gross proceeds from the Units sold to purchasers introduced by Paradigm as well as that number of compensation options (the \"Compensation Options\") equal to 6% of the number of Units acquired by such purchasers.  Each Compensation Option is exercisable for one unit of the Company at an exercise price of $0.40 for a period of 24 months from closing.  Each unit contains a warrant which has terms consistent with the private placement warrant. With respect to a portion of the funds raised in the Private Placement, the Company paid finders' fees of $24,000 and issued 60,000 Compensation Optio...