By Laura Lutz
Washington, Dec. 1 - Kansai Mining Corp. priced a C$2.5 million private placement of units.
The company plans to sell 20 million units of one share and one warrant at C$0.125 per unit. Each warrant will be exercisable at C$0.125 for two years.
The deal will be non-brokered.
Proceeds will be used for working capital.
Kansai is a mining and exploration company based in Whitehorse, Yukon Territory.
| Issuer: | Kansai Mining Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2.5 million
|
| Units: | 20 million
|
| Price: | C$0.125
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.125
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 1
|
| Stock symbol: | TSX Venture: KAN
|
| Stock price: | C$0.15 at close Nov. 29
|
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