Jasper Mining Corporation announces an amendment to private placement to raise up to $2,500,000 by the issuance of flow-through shares

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[{"type":"text","content":"\n\n\n\nCALGARY, Nov. 13 /CNW/ - Jasper Mining Corporation (the "Company")\nannounces that due to market uncertainties it is amending the News Release\ndated October 27, 2008. The non-brokered private placement is amended to allow\nup to 8,928,570 flow-through units at $0.28 per unit for a total amount of up\nto $2,500,000. Each unit will consist of 1 common share and 1 common share\npurchase warrant with a term of 18 months, and an exercise price of $0.75. The\nflow-through common shares and warrants will have a hold period of four\nmonths.\n\n\nThe private placement will result in the issuance of up to 8,928,570\ncommon shares, and up to 8,928,570 share purchase warrants.\n\n\nA finders fee of 6% will be payable to First Merchants Capital Inc., and\nFirst Merchants Capital Inc., will be granted a finder's fee option equal to\n4% of the total number of units subscribed for, at an exercise price of $0.50\nwith a term of 18 months.\n\n\nThis News Release is being issued in accordance with TSX Venture Exchange\nprocedure which requires a News Release be made that discloses the material\ndetails of the private placement.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\n\n","length":1357,"tagName":"div"}]

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