Norsemont Mining Closes C$10 Million Private Placement

About this update from Norsemont Mining Inc.

[{"type":"text","content":"\n\n\n\nProceeds to be used to complete acquisition of the Constancia Project and\n\n\nfund the definitive feasibility study\n\n\nShares Issued and Outstanding: 48,332,947\n\n\nTSX: NOM\n\n\nBVL: NOM\n\n\nTORONTO, and LIMA, Peru, Feb. 22 /CNW/ - Norsemont Mining Inc. (the\n"Company") (TSX and BVL: NOM) today announced that the Company has closed a\nnon-brokered private placement of 3,437,069 Units at a price of C$2.90 per\nUnit, raising gross proceeds of C$9,967,500.10. Each Unit consists of one\ncommon share and one-half of one common-share purchase warrant. Each whole\ncommon-share purchase warrant entitles the holder, on exercise, to acquire one\nadditional common share of the Company at an exercise price of C$3.50 per\nshare at any time until the close of business on the day which is two years\nfrom the date of issuance of the warrant. The securities issued under the\nprivate placement are subject to a four month hold period. The proceeds from\nthe private placement will be used complete acquisition obligations and fund\nthe definitive feasibility study of the Constantia Project in Peru.\n\n\nThe securities sold have not, nor will they be registered under the\nUnited States Securities Act of 1933, as amended or applicable state\nsecurities laws, and may not be offered or sold within the United States or\nto, or for the account or benefit of a U.S. person, as such term is defined in\nRegulation S under the U.S. Securities Act, registration or an applicable\nexemption from U.S. federal and state registration requirements. This release\ndoes not constitute an offer for sale of securities in the United States.\n\n\n","length":1703,"tagName":"div"}]

More updates from Norsemont Mining Inc.