Trading Symbol: JSP (TSX-V)
CALGARY, April 11 /CNW/ - Jasper Mining Corporation (the "Company") has completed the non-brokered private placement financing announced on April 2, 2008. This private placement was originally announced as a brokered private placement which was in error. The Company raised $21,000 through the sale of 60,000 units, each unit consisting of a common share and a one-half share purchase warrant. The financing was placed with an accredited investor. The 60,000 common shares and any shares acquired on exercise of the warrants are subject to a four month hold period. The share purchase warrants permit the purchase of 30,000 shares at an exercise price of $0.50 per share until October 7, 2009.
In addition to a cash fee of $1,050.00 the Company has also issued finder's share purchase warrants to purchase 6,000 shares at an exercise price of $0.35 per share until October 7, 2009.
The TSX Venture Exchange's final acceptance bulletin is expected in the ordinary course.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.