DataMiners plans to conduct $4 million private placement of its equity

Deal conducted in connection with the company’s qualifying transaction

By Devika Patel

Knoxville, Tenn., July 7 – DataMiners Capital Corp. said it plans a $4 million brokered or non-brokered private placement of equity, convertible equity or other securities. The deal will be conducted in connection with the company’s qualifying transaction with Steel Country Tubular Oilfield Inc.

Proceeds will be used for operations and general working capital purposes.

The capital pool company is based in Vancouver, B.C.

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