By Devika Patel
Knoxville, Tenn., Dec. 11 - Aurea Mining Inc. plans to complete a non-brokered private placement of units for up to C$1 million.
The company intends to sell 3,333,333 units of one share and one warrant at C$0.30 per unit. Each warrant will be exercisable at C$0.40 for two years.
Proceeds will be used for exploration of the company's properties and for working capital.
Aurea is a gold and silver exploration company based in Vancouver, B.C.
| Issuer: | Aurea Mining Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1 million
|
| Units: | 3,333,333
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 11
|
| Stock symbol: | TSX Venture: MXA
|
| Stock price: | C$0.32 at close Dec. 11
|
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