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| Home : Prize Mining Announces Closing of Private Placement |
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Apr 13
2011 |
Prize Mining Announces Closing of Private Placement |
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CALGARY, ALBERTA--(Marketwire - April 13, 2011) - Prize Mining Corporation (TSX VENTURE:PRZ) (the "Corporation") is pleased to announce that it has completed its previously announced non-brokered private placement of units ("Units"). The Corporation issued 1,624,000 Units at a price of $0.25 per Unit for gross proceeds of $406,000. Each Unit issued pursuant to the private placement is comprised of one common share of the Corporation ("Common Share") and one common share purchase warrant ("Warrant"). Each Warrant issued pursuant to the private placement entitles the holder to acquire one Common Share at a price of $0.30 per Common Share until April 12, 2013. All securities issued in connection with the private placement are subject to a four-month hold period, which expires on August 13, 2011. It is anticipated that the proceeds of the private placement will be used for general working capital purposes. |
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| Source:http://www.marketwire.com/mw/release.do?id=1502312&sourceType=3 |
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