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| Home : Mexivada Announces Re-Pricing of Previously Announced Private Placement |
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Aug 13
2012 |
Mexivada Announces Re-Pricing of Previously Announced Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2012) - Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) ("Mexivada" or the "Company") - The Company announces that, subject to regulatory approval, it proposes to amend the terms of the brokered private placement (the "Offering") announced in the Company's news release of June 4, 2012 by changing the price of the units ("Units") to $0.12 per Unit and the exercise price of the Warrants (as defined below). Each Unit will consist of one common share in the Company (a "Share") and one-half of one warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase one Share at a price of $0.15 per Share for a period of 24 months following the closing date. Canaccord Genuity Corp., the agent in connection with the private placement on a best efforts basis, will receive a cash commission of 8% of the gross proceeds from the Offering and warrants to acquire that number of Shares as is equal to 8% of the number of Units sold pursuant to the Offering, at an exercise price of $0.15 per Share. As previously announced, the offering will raise proceeds of up to $2,000,000 million and all other terms of the private placement remain unchanged. |
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| Source:http://www.marketwire.com/mw/release.do?id=1690068&sourceType=3 |
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