|
TORONTO, ONTARIO--(Marketwire - Sept. 21, 2011) - Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE:NZZ) is pleased to announce that, subject to regulatory approval, it has agreed to a non-brokered private placement of up to 5,000,000 units at a price of $0.15 per unit for gross proceeds of $750,000. Each unit is comprised of one (1) common share and one (1) common share purchase warrant (the "Warrant"). Each Warrant entitles the holder thereof to purchase one (1) common share for a period of two (2) years from the date of issuance. The Warrants are exercisable into common shares at a price of $0.20 each. The proceeds will be used for further exploration and development of the Corporation's properties and for general working capital. |
