New Issue: Pediment Exploration closes C$2.23 million private placement of units

By Sheri Kasprzak

New York, March 17 - Pediment Exploration Ltd. said it has concluded a C$2,225,501 private placement.

The company sold 2,967,335 units at C$0.75 each on a non-brokered basis.

The units consist of one share and one half-share warrant with each whole warrant exercisable at C$0.91 for one year.

Based in Vancouver, B.C., Pediment is a mineral exploration company focused on projects in Mexico.

Issuer:	Pediment Exploration Ltd.
Issue:	Units of one share and one half-share warrant
Amount:	C$2,225,501
Units:	2,967,335
Price:	C$0.75
Warrants:	One half-share warrant per unit
Warrant expiration:	One year
Warrant strike price:	C$0.91
Placement agent:	Non-brokered
Settlement date:	March 16
Stock symbol:	TSX Venture: PEZ
Stock price:	C$0.80 at close March 16

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