|
TORONTO, ONTARIO--(Marketwired - Dec. 9, 2016) - Lakeside Minerals Inc. (NEX:LAK.H), (the "Company" or "Lakeside") is pleased to announce the closing of the final tranche of the non-brokered private placement (the "Offering"), consisting of 13,800,000 units ("Units") at a price of $0.05 per Unit to raise aggregate gross proceeds of $690,000, and together with the first tranche which closed in November 2016, an aggregate of 22,000,000 Units have been issued for total gross proceeds of $1,100,000. Each Unit consists of one Common Share and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.10 per Common Share for a period of 12 months after the closing date. The Company has paid no finders on the closing of this tranche of the Offering. |
