JASPER MINING CORPORATION CLOSES $797,000 PRIVATE PLACEMENT

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[{"type":"text","content":"\n\n\n Feb. 28, 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)\n\n\nCALGARY, Feb. 28 /CNW/ - Jasper Mining Corporation (the\n "Company")(TSXV:JSP) is pleased to announce that it has completed a\n non-brokered private placement, as announced on February 10, 2011, and\n accordingly has issued 3,188,000 units of the Company at a price of\n $0.25 per unit; for gross proceeds to the Company of $797,000. Each\n unit will consist of 1 common share and ½ common share purchase\n warrant. The warrants are at an exercise price of $0.35 and expire\n February 16, 2013.\n\n\nThe private placement has resulted in the issuance of 3,188,000 common\n shares, and 1,594,000 share\npurchase warrants. There were 30 subscribers to the private placement.\n\n\nA finders fee of 6% has been paid to Macquarie Private Wealth Ltd.\n ($12,720), Anacort Capital Inc. ($27,600) and National Bank Financial\n ($7,500) and the Company has granted finder's fee options equal to 6%\n of the total number of units subscribed for to Macquarie Private Wealth\n Ltd. (50,880 options), Anacort Capital Inc. (110,400 options) and NBCN\n Inc. ($30,000 options), at an exercise price of $0.35 with a term of 18\n 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...

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