By Sheri Kasprzak
New York, March 15 - Moydow Mines International Inc. said it negotiated a private placement for up to $2 million.
The company will sell up to 6,644,518 shares at $0.301 each.
Jennings Capital Inc. is the lead agent for the deal, which is scheduled to close April 15.
Proceeds will be used for general corporate purposes.
Based in Toronto, Moydow is a mineral exploration company.
| Issuer: | Moydow Mines International Inc.
|
| Issue: | Stock
|
| Amount: | $2 million (maximum)
|
| Shares: | 6,644,518 (maximum)
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| Price: | $0.301
|
| Warrants: | No
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| Placement agent: | Jennings Capital Inc.
|
| Pricing date: | March 15
|
| Stock symbol: | Toronto: MOY
|
| Stock price: | C$0.355 at close March 14
|
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