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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 1, 2016) - Metallic Minerals Corp. (TSX VENTURE:MMG)(OTC PINK: MMNGF) (the "Company") is pleased to announce that it has raised aggregate proceeds of $1.125 million through the issuance of 2.25 million common shares (the "Private Placement") on a flow-through basis ("Flow-Through Shares") at a price of $0.50 per Flow-Through Share, which represents an approximate 11% premium to the closing price of $0.45/share on the TSX-V on October 31st, 2016. Directors, officers and employees of Metallic Minerals purchased approximately 23% of the Private Placement. |
