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TORONTO, ONTARIO--(Marketwired - June 30, 2015) - Amana Copper Ltd. ("Amana" or the "Company") (CSE:AMA) is pleased to announce the closing of the first tranche of the private placement previously announced on June 5th, 2015 for gross proceeds of up to $2,100,000. The Company issued 14,000,000 common shares at a price of $0.14 per share for gross proceeds of $1,960,000 (the "Placement"). In connection with the Placement the Company paid finders fees of $156,800 and issued 1,120,000 warrants, each warrant exercisable at a price of $0.14 for a period of two years from the date of issue. All securities issued in connection with the Placement will have a resale restriction of four months and one day from the date of issue. |
