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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2012) - Further to its press release of January 24, 2012, Starcore International Mines Ltd. (TSX:SAM) (the "Company") announces that it has closed its non-brokered financing for gross proceeds of $2,252,500. The financing was in the form of 9,010,000 Units at $0.25 per Unit (a "Unit"), each Unit comprised of one common share of the Company (a "Common Share") and one-half of one transferable share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one common share of the Company at a price of $0.35 to January 30, 2014. |
