Jasper Mining Corporation Closes $150,000 Private Placement

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[{"type":"text","content":"\n\n\n\nCALGARY, Dec. 6 /CNW/ - Jasper Mining Corporation (TSXV:JSP) is pleased\nto announce that it has completed a non-brokered private placement and\naccordingly has issued 375,000 flow-through units (the "FT Units") of the\nCompany at a price of $0.40 per FT Unit for gross proceeds to the Company of\n$150,000.\n\n\nThe sole subscriber to the private placement is John A. Dixon (an officer\nand a director) of Jasper. No commission or finders' fees were paid in\nconnection with this private placement. The participation by insiders in the\nprivate placement is considered to be a "related party transaction" as defined\nunder Ontario Securities Commission Rule 61-501 (the "Rule"). The transaction\nis exempt from the formal valuation and minority shareholder approval\nrequirements of the Rule as neither the fair market value of the securities\nbeing issued nor the consideration being paid exceeds 25% of Jasper's market\ncapitalization.\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 375,000 FT Units\nexpires on March 22, 2008.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacyor accuracy of this release.\n\n\n","length":1339,"tagName":"div"}]

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