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| Home : Minfocus Announces Closing of First Tranche of Private Placement Financing, Initiation of 2015 Exploration Program at Coral Zinc Project in British Columbia and Extension of Seagull Option Agreement to September 2016 at Nipigon Reefs PGE Project |
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Apr 17
2015 |
Minfocus Announces Closing of First Tranche of Private Placement Financing, Initiation of 2015 Exploration Program at Coral Zinc Project in British Columbia and Extension of Seagull Option Agreement to September 2016 at Nipigon Reefs PGE Project |
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TORONTO, ON--(Marketwired - April 16, 2015) - Minfocus Exploration Corp. (TSX VENTURE: MFX)("Minfocus") is pleased to announce that it has closed the first tranche of a private placement of Units at $0.05 each, which comprise one common share in the capital of Minfocus and one-half of a non-transferable share purchase warrant with each full warrant entitling the holder to purchase one common share in the capital of the Corporation at a price of $0.10 for a period of 18 months. If the full offering of 10,000,000 Units is completed the gross proceeds will be $500,000, of which half may be flow through units. The first tranche comprises $46,000 of which $25,000 is flow through. Proceeds of the private placement will be used for Minfocus' exploration programmes, trade payable, debt and general working capital. |
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| Source:http://www.marketwired.com/mw/release.do?id=2010421&sourceType=3 |
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