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Published on 9/29/2011 in the Prospect News PIPE Daily.

Whetstone Minerals cancels $4.75 million private placement of stock

Company had planned to sell 27,142,857 common shares at $0.175 apiece

By Devika Patel

Knoxville, Tenn., Sept. 29 - Whetstone Minerals Ltd. said it will not proceed with a $4.75 million private placement of stock, due to market conditions. The company priced the deal on Aug. 16 and was to have sold 27,142,857 common shares at $0.175 per share.

The gold explorer is located in Calgary, Alta.


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