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| Home : Magellan Expands Non-Brokered Private Placement to $1,100,000 |
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Nov 03
2015 |
Magellan Expands Non-Brokered Private Placement to $1,100,000 |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 2, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce that the previously announced offering of a $500,000 non-brokered private placement (see the Company's news release dated August 4, 2015) has been oversubscribed. The expanded offering will now comprise up to 22,000,000 units (the "Units") at a price of $0.05 per Unit, for gross proceeds of up to $1,100,000. Each Unit will consist of one common share of Magellan and one share purchase warrant. Each warrant will be exercisable into one additional common share at an exercise price of $0.10 per common share for a period of 18 months from the closing date. |
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| Source:http://www.marketwired.com/mw/release.do?id=2069461&sourceType=3 |
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