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| Home : Metallum Resources Inc. Completes $2,478,678 Non-Brokered Private Placement |
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Dec 02
2011 |
Metallum Resources Inc. Completes $2,478,678 Non-Brokered Private Placement |
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TORONTO, ONTARIO--(Marketwire - Dec. 1, 2011) - Metallum Resources Inc. (TSX VENTURE:MRV) (the "Company" or "Metallum") announced today it has completed a private placement (the "Offering") of 13,770,432 units ("Units") at $0.18 per Unit for gross proceeds of $2,478,678.04. Each Unit consists of one common share and one-half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles the subscriber to acquire one additional common share of the Company for a period of eighteen months at $0.30 per common share. All of the securities issued pursuant to the Offering are subject to a four month and one day hold period ending April 2, 2012. |
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| Source:http://www.marketwire.com/mw/release.do?id=1593844&sourceType=3 |
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