Trading Symbol: JSP (TSX-V)
CALGARY, March 4 /CNW/ - Jasper Mining Corporation (the "Company") has completed the non-brokered private placement financing announced on February 25, 2008 to raise $367,500 through the sale of 1,050,000 units, each unit consisting of a common share and a one-half share purchase warrant. The financing was placed with accredited investors. The 1,050,000 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 525,000 shares at an exercise price of $0.50 per share until September 3, 2009.
In addition to a cash fee of $18,375, the Company has also issued finder's share purchase warrants to purchase 105,000 shares at an exercise price of $0.35 per share until March 3, 2010.
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.