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| Home : NiMin Energy Announces Closing of Brokered Private Placement |
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Sep 01 2011 |
NiMin Energy Announces Closing of Brokered Private Placement |
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CARPINTERIA, CALIFORNIA--(Marketwire - Sept. 1, 2011) - NiMin Energy Corp. (TSX:NNN)(OTCBB:NEYYF)(OTCQX:NEYYF) ("NiMin" or the "Company") is pleased to announce that it has completed a brokered private placement (the "Private Placement") of 2,758,620 units ("Units") of the Company at a purchase price of $1.45 per Unit for gross proceeds of $3,999,999. Each Unit consists of one common share and one half of one common share purchase warrant ("Warrant"). Each whole Warrant is exercisable for a period of 36 months from closing at an exercise price of US$1.60. Macquarie Bank Limited participated as sole subscriber for the Units. Byron Capital Markets Ltd. (the "Agent") acted as agent with respect to the Private Placement and received a cash commission equal to 5.5% of the gross proceeds raised under the Private Placement. |
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| Source:http://www.marketwire.com/mw/release.do?id=1556499&sourceType=3 |
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