By Devika Patel
Knoxville, Tenn., Jan. 4 - Jasper Mining Corp. said it completed a C$1 million non-brokered private placement of units. The deal priced for C$3 million on Nov. 25.
The company sold 5 million units at C$0.20 apiece. Each flow-through unit consists of one flow-through common share and one-tenth of a warrant. The whole warrants are each exercisable at C$0.75 for 18 months.
Based in Calgary, Alta., Jasper is a mineral exploration company.
| Issuer: | Jasper Mining Corp.
|
| Issue: | Units of one flow-through common share and one-tenth of a warrant
|
| Amount: | C$1 million
|
| Units: | 5 million
|
| Price: | C$0.20
|
| Warrants: | One-tenth of a warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.75
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 25
|
| Settlement date: | Jan. 4
|
| Stock symbol: | TSX Venture: JSP
|
| Stock price: | C$0.08 at close Nov. 24
|
| Market capitalization: | C$6.3 million
|
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