Jasper Mining Corporation closes $1,179,040 private placement with Anacort Capital Inc.

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[{"type":"text","content":"\n\n\n\nTrading Symbol: JSP (TSX-V)\n\n\nCALGARY, Sept. 29 /CNW/ - Jasper Mining Corporation (TSXV:JSP) is pleased\nto announce that further to its news release of August 21, 2008 it has now\ncompleted the non-brokered private placement, which closed in two tranches.\n\n\nThe first tranche closed August 28, 2008 and the Corporation issued\n1,853,332 hard dollar units ("NFT Units") at a price of $0.30 per NFT Unit and\n971,621 flow-through units ("FT Units") at a price of $0.37 per FT Unit for\ngross proceeds to the Company of $915,499.37.\n\n\nThe second tranche closed September 16, 2008 and the Corporation issued\n160,000 hard dollar units ("NFT Units") at a price of $0.30 per NFT unit and\n582,541 flow-through units ("FTUnits") at a price of $0.37 per FT Unit for\ngross proceeds to the Company of $263,540.17.\n\n\nAnacort Capital Inc. acted as the finder with respect to this financing.\nAs consideration for its participation in the offering, the finder received a\ncash commission of $83,603.00 and was issued 126,699 finders options. The\nfinders options are exercisable at a price of $0.40 with an expiry date of\nSeptember 16, 2010.\n\n\nAll of the securities issued pursuant to this private placement are\nsubject to a four month hold period. The hold period for the August 28, 2008\ntranche expires on December 28, 2008 and the hold period for the September 16,\n2008 tranche expires on January 16, 2009. The hold period on the finder's fee\noptions expire on January 16, 2009.\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":1755,"tagName":"div"}]

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