Trading Symbol: JSP (TSX-V)
CALGARY, Sept. 25 /CNW/ - Jasper Mining Corporation (TSXV:JSP) is pleased to announce a non-brokered private placement of up to $111,000 through the sale of up to 300,000 flow-through units at $0.37 per unit. Each flow-through unit will consist of 1 flow-through common share and 1 common share purchase warrant (with a term of 24 months, and an exercise price of $0.75 in year 1 and $1.00 in year 2). All of the securities issued pursuant to this offering will have a hold period of four months after the closing date.
The private placement will result in the issuance of up to 300,000 flow-through common shares and 300,000 share purchase warrants.
A finders fee of 5% will be payable to the placee.
This News Release is being issued in accordance with TSX Venture Exchange procedure which requires a Press Release be made that discloses the material details of the private placement.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.