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Jasper Mining Corporation announces private placement to raise up to $3,500,000.00 with MineralFields
Jasper Mining Corporation announces private placement to raise up to $3,500,000.00 with MineralFields.
About this update from Tuktu Resources Ltd
[{"type":"text","content":"\n\n\n\nTrading Symbol: JSP (TSX-V)\n\n\nCALGARY, Oct. 5 /CNW/ - Jasper Mining Corporation (TSXV:JSP) is pleased\nto announce a non-brokered private placement of $3,500,000 through the sale of\n8,750,000 flow-through units at $0.40 per unit, to MineralFields Group (a\ndivision of Pathway Asset Management) and First Canadian Securities. Each unit\nwill consist of 1 flow-through common share and 1 common share purchase\nwarrant. The warrant will entitle the holder to purchase one common share at\nan exercise price of $0.75 per share on or before the date that is 12 months\nfrom the closing date, or at an exercise price of $1.00 per share on or before\nthe date that is after 12 months from the closing date but before 24 months\nfrom the closing date. All of the securities issued pursuant to this offering\nwill have a hold period expiring four months after the closing date.\n\n\nThe private placement will result in the issuance of up to 8,750,000\nflow-through common shares, and 8,750,000 share purchase warrants.\n\n\nA finders fee of 6% will be payable to First Canadian Securities and\nFirst Canadian Securities will be granted a finder's fee option equal to 8% of\nthe total number of units subscribed for, at an exercise price of $0.40 per\nunit. In addition, there will be a due 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 is active in\nleading resource financings (both flow-through and harddollar) on competitive,\neffective and service-friendly terms, with investors both within, and outside\nof, MineralFields Group.\n\n\n"We are very pleased to be commencing our relationship with MineralFields\nGroup", said Gordon Dixon, Chairman of the Corporation. "This is an important\nmilestone in the growth of Jasper Mining Corporation and we look forwa...