New Issue: Exmin announces C$1 million private placement of units

By Laura Lutz

Des Moines, Oct. 9 - Exmin Resources Inc. arranged a private placement of units for up to C$1 million.

The company plans to issue up to 2,500,000 units of one share and one half-share warrant at C$0.40 per unit. Each whole warrant will be exercisable at C$0.50 for two years.

Union Securities Ltd., the agent, has a greenshoe for up to 1,250,000 units.

Exmin is a precious metals exploration and development company based in Vancouver, B.C.

Issuer:	Exmin Resources Inc.
Issue:	Units of one share and one half-share warrant
Amount:	C$1 million
Units:	2,500,000
Greenshoe:	For 1,250,000 units
Price:	C$0.40
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.50
Agent:	Union Securities Ltd.
Pricing date:	Oct. 9
Stock symbol:	TSX Venture: EXM
Stock price:	C$0.395 at close Oct. 9

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