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| Home : Minfocus Exploration Announces Revisions to Private Placement Offering Price to Initiate Drilling on Its Coral Project |
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Jun 22
2016 |
Minfocus Exploration Announces Revisions to Private Placement Offering Price to Initiate Drilling on Its Coral Project |
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TORONTO, ON--(Marketwired - June 21, 2016) - Minfocus Exploration Corp. (TSX VENTURE: MFX) ("Minfocus" or the "Company") - Further to the May 6, 2016 news release regarding a proposed private placement offering, the Company received Conditional Acceptance from the TSXV to undertake a non-brokered private placement of up to 5,000,000 units. This has now been increased to an issuance of up to 10,000,000 units for the same gross proceeds of up to $250,000 at a TSXV approved new price of $0.025 per unit, which is equivalent to the most recent Minfocus closing share price. Minfocus has extended the closing date to June 30, 2016, but may close earlier in tranches. The private placement will comprise both flow-through units and non-flow-through units. Directors, officers and insiders intend to subscribe for up to a maximum of 4,000,000 units. The private placement offering is also open to all existing Minfocus shareholders, subject to applicable exemptions for private placement for existing shareholders (Multilateral CSA Notice 45-313 - Prospectus Exemption for Distributions to Existing Security Holders). |
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| Source:http://www.marketwired.com/mw/release.do?id=2136266&sourceType=3 |
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