By Sheri Kasprzak
New York, Nov. 18 - Entourage Mining Ltd. has completed its previously announced private placement for $800,000.
The company issued a total of 5,333,333 units at $0.15 each to four investors.
The offering was first announced Oct. 10 as a $1.05 million offering, but one investor who had planned to buy shares backed out of the agreement.
The units include one share and one warrant. The warrants are exercisable at $0.25 each for two years.
Based in Vancouver, B.C., Entourage is a mineral exploration company.
| Issuer: | Entourage Mining Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $800,000
|
| Units: | 5,333,333
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| Price: | $0.15
|
| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | $0.25
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| Pricing date: | Oct. 10
|
| Settlement date: | Nov. 18
|
| Stock price: | $0.31 at close Oct. 10
|
| Stock price: | $0.31 at close Nov. 17
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