Jasper Mining Corporation Closes $105,600 Private Placement
11.04.2011 | CNW
CALGARY, April 11 /CNW/ - Jasper Mining Corporation (the "Company") (JSP: TSX-V) is pleased to announce that it has completed a non-brokered private placement, as announced on March 31, 2011, and accordingly has issued 377,144 units of the Company at a price of $0.28 per unit; for gross proceeds to the Company of $105,600. Each unit will consist of 1 common share and ½ common share purchase warrant. The warrants are at an exercise price of $0.45 and expire September 30, 2012.The private placement has resulted in the issuance of 377,144 common shares, and 188,572 share purchase warrants. There were 3 subscribers to the private placement.
A finders fee of $3,000 will be paid to Anacort Capital Inc., being 6% of $50,000, and the Company will grant finder\'s fee warrants equal to 6% of 178,572 units subscribed for to Anacort Capital Inc. (10,714 warrants) at an exercise price of $0.45 with a term of 18 months.
All of the securities issued pursuant to this private placement are subject to a four month hold period.
This News Release is being issued in accordance with TSX Venture Exchange procedure which requires a News 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.
For further information:
Gordon F. Dixon, Q.C., President
Jasper Mining Corporation
Telephone: (403) 297-9483
Fax: (403) 266-1487
e-mail: gdixon43@telus.net
http://www.jaspermining.com