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| Home : Nuinsco Arranges Flow-Through Financing for Exploration in Quebec |
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Feb 22
2012 |
Nuinsco Arranges Flow-Through Financing for Exploration in Quebec |
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TORONTO, ONTARIO--(Marketwire - Feb. 21, 2012) - Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX:NWI) (www.nuinsco.ca) today announced that it has negotiated, subject to TSX approval, a non-brokered private placement of up 7,143,000 flow-through units at a subscription price of $0.14 per unit for gross proceeds of up to $1 million.
Each unit consists of one common share of the Company and one-half of one warrant, each issued on a flow-through basis pursuant to the Income Tax Act (Canada). Each warrant entitles the holder thereof to purchase one non-flow-through common share of the Company at an exercise price of $0.20 per share for a period of 18 months from closing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1622527&sourceType=3 |
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