Business
Search Minerals Extends Non-Brokered Financing
/THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN T...
About this update from Search Minerals Inc.
[{"type":"text","content":"\n\n\n/THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES./\n\n\nVANCOUVER, Sept. 26, 2014 /CNW/ - Search Minerals Inc. (\"Search\" or the \"Company\") (TSXV: SMY) announces that the Company has extended its $2,000,000\n non-brokered private placement financing announced July 31, 2014 (see: Search Minerals Announces Private Placement, July 31, 2014). To date the Company has issued 14,260,000 units (the \"Units\") at a price of $0.05 per Unit for aggregate gross proceeds of\n $713,000.  Each Unit is comprised of one common share of the Company\n and one common share purchase warrant of the Company.  Each warrant is\n exercisable into one additional common share of the Company for a\n period of 24 months from closing of the private placement at an\n exercise price of $0.10.\n\n\nCompletion of the financing remains subject to TSX Venture Exchange\n approval.\n\n\nAbout Search Minerals:\nSearch Minerals Inc. (TSXV: SMY) is a TSX Venture Exchange listed\n company focused on creating value through finding and developing\n mineral assets with growing demand and constrained or restricted\n supply, and with increasing use in innovative technologies.\n\n\nSearch is the discoverer of the Port Hope Simpson REE District, a highly\n prospective light and heavy REE belt located in southeast Labrador,\n where the Company controls a dominant land position in a belt 70 km\n long and up to 8 km wide. In addition, Search holds a number of\n additional mineral prospects in Newfoundland and Labrador in its\n portfolio, including claims in the Strange Lake Complex (where Quest\n Rare Minerals has a Joint Venture with Search); and at the Red Wine\n Complex (where Great Western Minerals Group has a Joint Venture with\n Search).\n\n\nAll material information on the Company may be found on its website at searchminerals.ca and on SEDAR at sedar.com.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\n (as that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility of the adequacy or accuracy of this release.               \n\n\nCautionary Statement Regarding Forward-Looking Information:\n\n\nThis news release includes certain \"forward-looking statements\" under\n appl...