Jasper Mining Corporation announces private placement to raise up to $2,600,000.00 with MineralFields

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[{"type":"text","content":"\n\n\n\nTrading Symbol: JSP (TSX-V)\n\n\nCALGARY, July 8 /CNW/ - Jasper Mining Corporation (TSXV:JSP) is pleased\nto announce a non-brokered private placement of up to $2,600,000 through the\nsale of up to 6,756,757 flow-through units at $0.37 per unit, and 333,334 hard\ndollar units at $0.30 per unit to MineralFields Group (a division of Pathway\nAsset Management) and First Canadian Securities. Each flow-through unit will\nconsist of 1 flow-through common share and 1 common share purchase warrant\n(with a term of 24 months, and an exercise price of $0.75 in year 1 and $1.00\nin year 2). Each hard dollar unit will consist of 1 common share and 1 common\nshare purchase warrant (with a term of 24 months, and an exercise price of\n$0.60 in year 1 and $0.75 in year 2). All of the securities issued pursuant to\nthis offering will have a hold period of four months after the closing date.\n\n\nThe private placement will result in the issuance of up to 6,756,757\nflow-through common shares, 333,334 hard dollar common shares and 7,090,091\nshare purchase warrants.\n\n\nA finders fee of 6% will be payable to First Canadian Securities(R) and\nFirst Canadian Securities(R) will be granted a finder's fee option equal to 8%\nof the total number of units subscribed for, at an exercise price of $0.37 per\nflow-through unit and $0.30 per hard dollar unit. In addition, there will be a\ndue diligence fee of 2% paid to them.\n\n\nMineralFields Group (a division of Pathway Assets Management) is a\nToronto-based mining fund with significant assets under administration that\noffers its tax-advantaged super flow-through limited partnerships to investors\nthroughout Canada during most of the calendar year, as well as hard-dollar\nresource limited partnerships to investors throughout the world. Pathway Asset\nManagement also specializes in the manufacturing and distribution of\nstructured products and mutual funds. Information about MineralFields Group is\navailable at www.mineralfields.com. First Canadian Securities(R) is active in\nleading resource financings (both flow-through and hard dollar) on\ncompetitive, effective and service-friendly terms, with investors both within,\nand outside of, MineralFields Group.\n\n\n"We are very pleased to be renewing our relationship with MineralFields\nGroup", said Gordon Dixon, Chairman of the Corporation...

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