JASPER MINING CORPORATION TO RAISE $199,500 BY WAY OF PRIVATE PLACEMENT

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[{"type":"text","content":"\n\n\n May 5, 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\nCALGARY, May 5 /CNW/ - Jasper Mining Corporation (the\n "Company")(TSX-V:JSP) is pleased to announce a non-brokered private\n placement of $199,500 through the sale of 767,308 hard dollar units at\n $0.26 per unit. Each unit will consist of 1 common share and 1/2 common\n share purchase warrant with a term of 24 months, and an exercise price\n of $0.45. The common shares and warrants will have a hold period of\n four months.\n\n\nThe private placement will result in the issuance of 767,308 common\n shares, and 383,654 share purchase warrants.\n\n\nA finders fee of 6% will be payable and the Company will grant a\n finder's fee option equal to 6% of the total number of units subscribed\n for, at an exercise price of $0.45 with a term of 18 months.\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 or accuracy of this release.\n\n\n\n\n Gordon F. Dixon, Q.C., President, Jasper Mining Corporation, Telephone: (403) 297-9483, Fax: (403) 266-1487, e-mail: [email protected] \n\n","length":2353,"tagName":"div"}]

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