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| Home : Hinterland Closes First Tranche of Private Placement |
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Aug 18
2016 |
Hinterland Closes First Tranche of Private Placement |
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VAL D'OR, QUEBEC--(Marketwired - Aug. 17, 2016) - Hinterland Metals Inc. (TSX VENTURE:HMI) ("Hinterland" or the "Company") announces the first closing of a non-brokered private placement offering (the "Offering") of 7,750,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $387,500. Each Unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company at a price of $0.10 until August 17, 2018. The proceeds of the Offering will be used by Hinterland to advance its exploration projects within Quebec, and for general working capital. La Société d'investissement dans la diversification de l'exploration ("SIDEX") participated in the Offering for $50,000 under the "Field Action 2016" program. The mission of SIDEX is to invest in companies engaged in mineral exploration in Quebec. |
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| Source:http://www.marketwired.com/mw/release.do?id=2151621&sourceType=3 |
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