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| Home : MacDonald Mines Announces $1,000,000 Non-Brokered Private Placement Financing |
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Dec 20
2016 |
MacDonald Mines Announces $1,000,000 Non-Brokered Private Placement Financing |
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TORONTO, ONTARIO--(Marketwired - Dec. 19, 2016) - MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) ("MacDonald Mines", "MacDonald" or the "Company") is pleased to announce that it intends to offer for sale, on a non-brokered private placement basis, up to 12,125,000 "flow-through" units of the Company (the "FT Units") at a price of $0.07 per FT Unit and up to 2,520,833 non-flow-through units of the Company (the "Non-FT Units") at a price of $0.06 per Non-FT Unit for aggregate gross proceeds of up to $1,000,000 (the "Offering"). Each FT Unit will be comprised of one common share in the capital of the Company (each, a "Common Share") issued on a "flow-through" basis within the meaning of such term in the Income Tax Act (Canada), and one half (1/2) Common Share purchase warrant (each, a "FT Unit Warrant"), with each FT Unit Warrant being exercisable to acquire one non-flow-through Common Share at a price of $0.10 for a period of 36 months following the closing date of the Offering. Each Non-FT Unit will be comprised of one Common Share (issued on a non-"flow-through" basis) and one Common Share purchase warrant (each, a "Non-FT Warrant") with each Non-FT Warrant being exercisable to acquire one Common Share at a price of $0.10 for a period of 36 months following the closing date of the Offering. |
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| Source:http://www.marketwired.com/mw/release.do?id=2184136&sourceType=3 |
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