By Devika Patel
Knoxville, Tenn., Aug. 11 - PMI Gold Corp. said it will raise C$1 million in a non-brokered private placement.
PMI will sell 5 million units of one share and one warrant at C$0.20 per unit.
Each warrant will be exercisable at C$0.30 for two years.
Proceeds will be used for general working capital.
PMI is a mining company based in Vancouver, B.C.
| Issuer: | PMI Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1 million
|
| Units: | 5 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 11
|
| Stock price: | TSX Venture: PMV
|
| Stock price: | C$0.175 at close Aug. 8
|
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