By Laura Lutz
Des Moines, Sept. 5 - Maestro Ventures Ltd. closed a private placement of units for C$1.6 million.
The company sold 4 million units at C$0.40 apiece. Each unit consists of one share and one half-share non-transferable warrant, with each warrant exercisable at C$0.65 for two years.
The deal was brokered.
The proceeds will fund exploration in the Great Basin in Nevada and Utah.
Maestro is a mining company based in Vancouver, B.C.
| Issuer: | Maestro Ventures Ltd.
|
| Issue: | Units of one share and one half-share non-transferable warrant
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| Amount: | C$1.6 million
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| Units: | 4 million
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| Price: | C$0.40
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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$0.65
|
| Settlement date: | Sept. 6
|
| Stock symbol: | TSX Venture: MAP
|
| Stock price: | C$0.40 at close on Sept. 6
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