By Sheri Kasprzak
New York, July 20 - Aberdene Mines Ltd. said it plans to raise $1.25 million in a private placement.
The non-brokered offering includes up to 5 million shares at $0.25 each.
The proceeds will be used for work commitments on the company's New York Canyon project in Nevada. The remainder will be used for working capital.
Based in Las Vegas, Aberdene is a mineral exploration company.
Issuer: | Aberdene Mines Ltd.
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Issue: | Stock
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Amount: | $1.25 million
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Shares: | 5 million
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Price: | $0.25
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Warrants: | No
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Pricing date: | July 20
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Stock price: | $0.44 at close July 19
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