By Sheri Kasprzak
New York, Dec. 28 - Mantle Resources Inc. said it has finished a non-brokered private placement for C$2 million.
The company sold 2.5 million flow-through units at C$0.80 each.
The units are comprised of one flow-through share and one half-share warrant. The whole warrants are exercisable at C$1.00 each for two years.
Based in Vancouver, B.C., Mantle is a mineral exploration company.
| Issuer: | Mantle Resources Inc.
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| Issue: | Flow-through units of one share and one half-share warrant
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| Amount: | C$2 million
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| Units: | 2.5 million
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| Price: | C$0.80
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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$1.00
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| Placement agent: | Non-brokered
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| Settlement date: | Dec. 23
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| Stock price: | C$0.75 at close Dec. 23
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