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| Home : Constantine Closes Private Placement Financing |
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May 29
2012 |
Constantine Closes Private Placement Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 28, 2012) - Constantine Metal Resources Ltd. (TSX VENTURE:CEM) ("Constantine" or the "Company") is pleased to announce that it has closed the previously announced private placement agreement with Teck Resources Limited ("Teck") that includes certain rights regarding several of Constantine's Ontario gold properties. Teck invested $525,000 in Constantine at a premium to market through the purchase of 4,200,000 units priced at $0.125. Each unit consists of one common share in Constantine and one-half non-transferable common share purchase warrant. Each warrant is exercisable to acquire one common share at an exercise price of $0.16 for a period of 24 months from the closing date of the private placement. Proceeds of the financing will be used to fund exploration on the Company's Ontario gold properties, including reimbursement for recent airborne geophysical survey work, and general working capital. |
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| Source:http://www.marketwire.com/mw/release.do?id=1662160&sourceType=3 |
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