By Sheri Kasprzak
Atlanta, March 16 - Baja Mining Corp. said it has raised C$1.2 million in a private placement of units.
The company sold 1.6 million units at C$0.75 each to Fondel Finance BV, a private holding company.
The units include one share and one half-share warrant. The whole warrants allow for an additional share at C$1.15 each for at least two years and up to five years.
Based in Vancouver, B.C., Baja is a metals and minerals exploration and development company.
| Issuer: | Baja Mining Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.2 million
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| Units: | 1.6 million
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| Price: | C$0.75
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| Warrants: | One half-share warrant per units
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| Warrant expiration: | Two years (minimum); five years (maximum)
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| Warrant strike price: | C$1.15
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| Investors: | Fondel Finance BV
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| Announcement date: | March 15
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| Stock price: | C$0.65 at close March 15
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