Miocene Metals Limited announces closing of hard dollar private placement
31 Août 2011 - 8:55PM
PR Newswire (Canada)
TORONTO, Aug. 31, 2011 /CNW/ -- TORONTO, Aug. 31, 2011 /CNW/ -
Miocene Metals Limited (the "Company") (TSXV:MII) is pleased to
announce that it has today closed on a hard dollar private
placement consisting of units ("Units") in the capital of the
Company raising gross proceeds of $100,000 (the "Offering"). Each
Unit was issued at a price of $0.36 and is comprised of one common
share ("Common Share") and one half of one Common Share purchase
warrant ("Warrant") both in the capital of the Company. Each whole
Warrant is exercisable into one Common Share at a price of $0.50
per Common Share for a period of 2 years from the closing date of
the Offering. The subscription proceeds will be used for general
working capital purposes of the Company. No finders or agents were
used in connection with the Offering. Bruce Jago, President and CEO
of Miocene Metals commented that "We are very pleased with the
continued investor interest in Miocene Metals following closing of
the Company's IPO earlier this month. The funds raised in this
private placement will provide the Company with additional working
capital as we advance the exploration of our BC properties."
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. About Miocene Metals Limited Miocene Metals is focused on
the exploration and development of seven porphyry
copper-gold-molybdenum properties acquired from Wallbridge in
south-western British Columbia within the Miocene-age Cascade
Magmatic Arc. The Cascade Arc shares many geological
characteristics with the Miocene-age porphyry belt that stretches
the length of Chile and Argentina in South America and hosts some
of the world's largest porphyry copper-gold-molybdenum deposits
including Chuquicamata, El Teniente and Los Bronces.
FORWARD-LOOKING STATEMENTS This document may contain
forward-looking statements relating to Miocene Metals' operations
or to the environment in which it operates. Such statements are
based on operations, estimates, forecasts and projections. They are
not guarantees of future performance and involve risks and
uncertainties that are difficult to predict and may be beyond
Miocene Metals' control. A number of important factors could cause
actual outcomes and results to differ materially from those
expressed in forward-looking statements, including those set forth
in other public filings. In addition, such statements relate to the
date on which they are made. Consequently, undue reliance should
not be placed on such forward-looking statements. Miocene Metals
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, save and except as may be required by
applicable securities laws. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/August2011/31/c7675.html
p /p p align="justify" Please visit Miocene Metals' website
at a
href="http://www.miocenemetals.com/"www.miocenemetals.com/a, or
contact: /p table valign="top" border="0" tr td valign="top"
align="left" Miocene Metals Limitedbr/ Linda Zubal, Investor
Relationsbr/ Tel: (705) 682-9297 ext. 247br/ Email: a
href="mailto:lzubal@miocenemetals.com"lzubal@miocenemetals.com/a
/td td valign="top" align="left" Ron Poirier,
Investor Relationsbr/ Tel: (705) 682-9297 ext 263br/ Email: a
href="mailto:rpoirier@miocenemetals.com"rpoirier@miocenemetals.com/a
/td /tr /table p /p
Copyright
(TSXV:MII)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
(TSXV:MII)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
Plus d'articles sur Miocene Metals Limited