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

About this update from Tuktu Resources Ltd

[{"type":"text","content":"\n\n\n\nTrading Symbol: JSP (TSX-Venture)\n\n\nCALGARY, July 15 /CNW/ - Jasper Mining Corporation (the "Company") is\npleased to announce a non-brokered private placement of up to 10,000,000\nflow-through units at $0.20 per unit for a total amount of up to $2,000,000.\nEach unit will consist of 1 common share and 1/10 common share purchase\nwarrant 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 10,000,000\ncommon shares, and up to 1,000,000 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 $0.75\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":1310,"tagName":"div"}]

More updates from Tuktu Resources Ltd