JASPER MINING CORPORATION CLOSES $105,600 PRIVATE PLACEMENT

About this update from Tuktu Resources Ltd

[{"type":"text","content":"\n\n\n Apr. 11, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTrading Symbol: JSP (TSX-V)\nwww.jaspermining.com\n\n\nCALGARY, April 11 /CNW/ - Jasper Mining Corporation (the\n "Company")(JSP:TSX-V) is pleased to announce that it has completed a\n non-brokered private placement, as announced on March 31, 2011, and\n accordingly has issued 377,144 units of the Company at a price of $0.28\n per unit; for gross proceeds to the Company of $105,600. Each unit will\n consist of 1 common share and ½ common share purchase warrant. The\n warrants are at an exercise price of $0.45 and expire September 30,\n 2012.\n\n\nThe private placement has resulted in the issuance of 377,144 common\n shares, and 188,572 share purchase warrants. There were 3 subscribers\n to the private placement.\n\n\nA finders fee of $3,000 will be paid to Anacort Capital Inc., being 6%\n of $50,000, and the Company will grant finder's fee warrants equal to\n 6% of 178,572 units subscribed for to Anacort Capital Inc. (10,714\n warrants) at an exercise price of $0.45 with a term of 18 months.\n\n\nAll of the securities issued pursuant to this private placement are\n subject to a four month hold period.\n\n\nThis News Release is being issued in accordance with TSX Venture\n Exchange procedure which requires a News Release be made that discloses\n the material details of the private placement.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n responsibility for the adequacy\nor accura...

More updates from Tuktu Resources Ltd