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| Home : Kerr Mines Closes Non-Brokered Private Placement |
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Oct 03
2014 |
Kerr Mines Closes Non-Brokered Private Placement |
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TORONTO, ONTARIO--(Marketwired - Oct. 2, 2014) - Kerr Mines Inc. (TSX:KER) (the "Company") is pleased to announce that, further to its press release of August 27, 2014, it has completed a private placement of 14.5 million units of the Company (the "Units") at a price of $0.30 per Unit for total aggregate proceeds of $4.3 million. Each Unit is comprised of one common share (a "Common Share") and one-half of one Common Share purchase warrant (a "Warrant"), each Warrant entitling the holder thereof to acquire a Common Share at a price of $0.39 per share until October 1, 2016. |
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| Source:http://www.marketwired.com/mw/release.do?id=1953196&sourceType=3 |
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