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| Home : Prize Mining Corporation Announces Non-Brokered Private Placement |
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Jun 22
2013 |
Prize Mining Corporation Announces Non-Brokered Private Placement |
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CALGARY, ALBERTA--(Marketwired - June 21, 2013) - Prize Mining Corp. (TSX VENTURE:PRZ.H) (the "Corporation") is pleased to announce it intends to raise up to $400,000 from a non-brokered private placement of up to 8,000,000 units (the "Units") (the "Offering"). Each Unit will consist of one (1) common share in the capital of the Corporation and one full common share purchase warrant (the "Warrants"). Each Warrant will be exercisable into one common share at a price of $0.15 per common share for a period of 24 months from the closing date. If common shares of the Corporation trade at or above $0.25 for a period of 45 consecutive trading days, the Corporation will have the right to reduce the term for the exercise of Warrants to a 30 day period beginning the day after the day the Corporation provides notice of the reduction of the term. The Corporation may pay a finder's fee ("Finder's Fee") in connection with the issue and sale of any or all of the Units under the Offering. |
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| Source:http://www.marketwire.com/mw/release.do?id=1804696&sourceType=3 |
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