By Sheri Kasprzak
New York, Feb. 28 - Exmin Resources Inc. said it priced a C$1.2 million private placement.
The company intends to sell 8 million units at C$0.15 each.
The units are composed of one share and one half-share warrant. Each whole warrant is exercisable at C$0.20 for two years.
Union Securities Ltd., the placement agent, has a greenshoe for up to 15% of the offering.
The deal is expected to close March 2.
Based in Vancouver, B.C., Exmin is a precious metals exploration and development company.
| Issuer: | Exmin Resources Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.2 million (maximum)
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| Units: | 8 million (maximum)
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| Greenshoe: | For 15% of offering size
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| Price: | C$0.15
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.20
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| Placement agent: | Union Securities Ltd.
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| Pricing date: | Feb. 28
|
| Settlement date: | March 2
|
| Stock symbol: | TSX Venture: EXM
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| Stock price: | C$0.185 at close Feb. 28
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