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| Home : Nitinat Updates Private Placement |
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Nov 24
2011 |
Nitinat Updates Private Placement |
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TORONTO, ONTARIO--(Marketwire - Nov. 23, 2011) - Nitinat Minerals Corporation (TSX VENTURE:NZZ) (the "Corporation") would like to provide an update as to its proposed private placement. As reported in its press release of September 21, 2011, the Corporation is proceeding with its 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 at a price of $0.20 per common share. The proceeds will be used for further exploration and development of the Corporation's properties and for general working capital. |
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| Source:http://www.marketwire.com/mw/release.do?id=1590726&sourceType=3 |
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