New Issue: Matamec Explorations concludes C$1.53 million placement of equity units

By Devika Patel

Knoxville, Tenn., Oct. 19 - Matamec Explorations Inc. said it settled a C$1.53 million private placement of units. The deal priced for C$1.5 million Oct. 5.

The company sold 8,527,555 units at C$0.18 apiece. Each unit consists of one common share and one half-share warrant, with each whole two-year warrant exercisable at C$0.25 in the first year and at C$0.35 thereafter.

Proceeds will be used for general working capital.

Matamec is a mining exploration company based in Montreal.

Issuer:	Matamec Explorations Inc.
Issue:	Units of one common share and one half-share warrant
Amount:	C$1,534,968
Units:	8,527,555
Price:	C$0.18
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.25 in the first year, C$0.35 thereafter
Pricing date:	Oct. 5
Settlement date:	Oct. 19
Stock symbol:	TSX Venture: MAT
Stock price:	C$0.235 at close Oct. 2
Market capitalization:	C$15.2 million

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