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Jasper Mining Corporation announces private placement to raise up to $3,000,000 by the issuance of flow-through shares
Jasper Mining Corporation announces private placement to raise up to $3,000,000 by the issuance o...
About this update from Tuktu Resources Ltd
[{"type":"text","content":"\n\n\n\nNov. 25, 2009 (Canada NewsWire Group) -- CALGARY, Nov. 25 /CNW/ -- Jasper Mining Corporation (the \"Company\") is pleased to announce a non-brokered private placement of up to 15,000,000 flow-through units at $0.20 per unit for a total amount of up to $3,000,000. Each unit will consist of 1 common share and 1/10 common share purchase warrant with a term of 18 months, and an exercise price of $0.75. The flow-through common shares and warrants will have a hold period of four months.The private placement will result in the issuance of up to 15,000,000 common shares, and up to 1,500,000 share purchase warrants.A finders fee of 6% will be payable to First Merchants Capital Inc., and First Merchants Capital Inc., will be granted a finder's fee option equal to 4% of the total number of units subscribed for, at an exercise price of $0.75 with a term of 18 months.This News Release is being issued in accordance with TSX Venture Exchange procedure which requires a News Release be made that discloses the material details of the private placement.Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the accuracy of this release.\n\n\n\n","length":1472,"tagName":"div"}]