Merc Announces Close of Flow-Through Private Placement
06 November 2008 - 3:45PM
Marketwired
Merc International Minerals Inc. ("Merc") (TSX VENTURE: MRK) is
pleased to announce that it has completed a non-brokered private
placement flow-through unit financing at $0.40 per unit for gross
proceeds of Cdn. $1,999,900. Each unit consists of one flow-through
common share and one-half of one non-flow-through common share
purchase warrant, exercisable at $0.75 per common share for a
period of 12 months following the closing date, and $1.00 per
common share for a period of 13 to 24 months following the closing
date.
If, at any time six months or more following the closing date,
the closing price of Merc's common shares exceeds $1.25 for 30
consecutive business days, Merc may provide notice indicating the
warrant expiry date will "accelerate" to the date set forth in the
notice, which will be no earlier than 30 days following the date
the notice is issued.
In connection with this financing, Merc paid finders' fees of
$70,000 and issued 100,000 broker warrants exercisable at $0.40 for
a period of 24 months from the closing date. Each broker warrant is
comprised of one common share and one-half of one common share
purchase warrant, exercisable at $0.75 per common share for a
period of 12 months following the closing date, and $1.00 per
common share for a period of 13 to 24 months following the closing
date.
All securities are subject to a four month hold period which
expires on March 8, 2009. The net proceeds will be used for
advancement of Merc's assets and exploration.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Merc International Minerals Inc. Michael Byron
President and CEO (647) 287-3778 (416) 628-5911 (FAX) Email:
m_byron@sympatico.ca
Merc International Minerals Inc. (TSXV:MRK)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Merc International Minerals Inc. (TSXV:MRK)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Merc International Minerals Inc. (TSX Venture Börse): 0 Nachrichtenartikel
Weitere Merc International Minerals Inc. News-Artikel