Jasper Mining Corporation Closes $104,000 Private Placement
08.06.2011 | CNW
CALGARY, June 8, 2011 /CNW/ - Jasper Mining Corporation (the "Company")(TSXV: JSP) is pleased to announce that it has completed a non-brokered private placement, as announced on May 30, 2011, and accordingly has issued 400,000 units of the Company at a price of $0.26 per unit; for gross proceeds to the Company of $104,000. 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 June 7, 2013.The private placement has resulted in the issuance of 400,000 common shares, and 400,000 share purchase warrants. There was 1 subscriber to the private placement.
A finders fee of $6,240 will be paid to Anacort Capital Inc., being 6% of $104,000 and the Company will grant finder's fee warrants equal to 6% of 400,000 units subscribed for to Anacort Capital Inc. (24,000 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 www.jaspermining.com