By Devika Patel
Knoxville, Tenn., Oct. 1 - Exmin Resources Inc. priced a non-brokered private placement of units for up to C$1.05 million.
The company will issue 15 million units of one common share and one warrant at C$0.07 per unit. Each warrant will be exercisable at C$0.10 for two years.
Proceeds will be used to continue to advance the company's high-priority projects and for general working capital.
Exmin is a precious metals exploration and development company based in Vancouver, B.C.
| Issuer: | Exmin Resources Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.05 million
|
| Units: | 15 million
|
| Price: | C$0.07
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 1
|
| Stock symbol: | TSX Venture: EXM
|
| Stock price: | C$0.085 at close Oct. 1
|
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