By Sheri Kasprzak
New York, March 1 - ECU Silver Mining Inc. said it has completed a C$5,755,744 private placement.
The company sold 16,444,985 units at C$0.35 each.
The units consist of one share and one half-share warrant. The whole warrants are exercisable at C$0.50 each through Dec. 13, 2007.
Union Securities Ltd. was the placement agent.
Based in Rouyn-Noranda, Quebec, ECU is a silver exploration company.
| Issuer: | ECU Silver Mining Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$5,755,744
|
| Units: | 16,444,985
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Dec. 13, 2007
|
| Warrant strike price: | C$0.50
|
| Placement agent: | Union Securities Ltd.
|
| Settlement date: | March 1
|
| Stock symbol: | TSX Venture: ECU
|
| Stock price: | C$1.05 at close March 1
|
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