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| Home : Chieftain Closes Flow-Through Private Placement for Its 2013 Exploration Campaign |
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Aug 07
2013 |
Chieftain Closes Flow-Through Private Placement for Its 2013 Exploration Campaign |
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TORONTO, ONTARIO--(Marketwired - Aug. 6, 2013) - Chieftain Metals Corp. ("Chieftain" or the "Company") (TSX:CFB) is pleased to announce that it has issued 1,250,000 flow-through shares at $0.80 per share for gross proceeds of $1,000,000 in a non-brokered private placement transaction to finance the Company's 2013 exploration campaign. In connection with the closing today, the company is paying finders' fees equal to 7% of the gross proceeds and issuing finders' warrants equal to 6% of the number of flow-through shares issued. Each finders' warrant is exercisable for 12 months into common shares at $0.80 per common share. |
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| Source:http://www.marketwire.com/mw/release.do?id=1818316&sourceType=3 |
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