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| Home : Minsud Announces Closing of Above Market Non-Brokered Private Placement for Gross Proceeds of $1,000,000 |
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Apr 21
2016 |
Minsud Announces Closing of Above Market Non-Brokered Private Placement for Gross Proceeds of $1,000,000 |
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TORONTO, ONTARIO--(Marketwired - April 20, 2016) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") is pleased to announce the closing of a non-brokered private placement offering of units in Minsud (the "Units") for gross proceeds of $ 1,000,000 (the "Private Placement"). In connection with the closing of the Private Placement, which was initially announced on March 31, 2016, Minsud issued 10,000,000 Units at a price of $0.10 per Unit with each Unit comprising of one common share in the capital of the Company (the "Shares") and one common share purchase warrant (the "Warrants"). Each Warrant is exercisable into one Share at $0.35 until April 20, 2018, provided that in the event that the 20 day closing price of the Shares on the TSX Venture Exchange or such other stock exchange that the Shares may be then listed on is greater than $0.35, the Company shall be entitled to accelerate the exercise period of the Warrants to a period of not less than 10 days after written notice is deemed to have been received by the holders of the Warrants from the Company regarding same. |
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| Source:http://www.marketwired.com/mw/release.do?id=2116968&sourceType=3 |
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