By Sheri Kasprzak
New York, March 23 - Mansfield Minerals Inc. said it priced a C$6 million non-brokered private placement.
The offering includes up to 2,727,273 units of one share and one half-share warrant at C$2.20 each.
The whole warrants allow for the purchase of another share at C$3.00 each for one year.
Proceeds from the deal will be used for pre-feasibility work at the company's Lindero property in Argentina and for working capital.
Vancouver, B.C.-based Mansfield is a mineral exploration company.
| Issuer: | Mansfield Minerals Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$6 million (maximum)
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| Units: | 2,727,273 (maximum)
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| Price: | C$2.20
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$3.00
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| Placement agent: | Non-brokered
|
| Pricing date: | March 23
|
| Stock symbol: | TSX Venture: MDR
|
| Stock price: | C$2.31 at close March 23
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