Jasper Mining Corporation announces private placement to raise up to $1,200,000 with Anacort Capital Inc.

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[{"type":"text","content":"\n\n\n\nCALGARY, Aug. 21 /CNW/ - Jasper Mining Corporation (TSXV:JSP) is pleased\nto announce a non-brokered private placement of up to $1,200,000 through the\nsale of up to 2,000,000 hard dollar units at $0.30 per unit and 1,621,622\nflow-through units at $0.37 per unit. Each hard dollar unit will consist of 1\ncommon share and 1 Series A common share purchase warrant (with a term of\n24 months, and an exercise price of $0.60 in year 1 and $0.75 in year 2). Each\nflow-through unit will consist of 1 flow-through common share and 1 Series B\ncommon share purchase warrant (with a term of 24 months, and an exercise price\nof $0.75 in year 1 and $1.00 in year 2). All of the securities issued pursuant\nto this offering will have a hold period of four months after the closing\ndate.\n\n\nThe private placement will result in the issuance of up to 2,000,000 hard\ndollar common shares, 1,621,622 flow-through common shares and 3,621,622 share\npurchase warrants.\n\n\nA finders fee of 8% will be payable to Anacort Capital Inc. and Anacort\nCapital Inc. will be granted a finder's fee option equal to 4% of the total\nnumber of units subscribed for, at an exercise price of $0.40 with a term of\n24 months.\n\n\nThis News Release is being issued in accordance with TSX Venture Exchange\nprocedure which requires a Press 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\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n","length":1587,"tagName":"div"}]

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