New Issue: Black Pearl wraps C$2.88 million private placement of shares

By Devika Patel

Knoxville, Tenn., Feb. 28 - Black Pearl Minerals Consolidated Inc. that it has settled a C$2.88 million private placement of shares.

Black Pearl sold 10,112,500 common shares at C$0.16 apiece and 6.3 million flow-through common shares at C$0.20 per share.

The company paid C$80,600 in finders' fees to the Mineralfields Group and Blackmont Capital Inc.

Black Pearl is a mineral exploration company based in Vancouver, B.C.

Issuer:	Black Pearl Minerals Consolidated Inc.
Issue:	Common shares, flow-through shares
Amount:	C$2,878,000
Fees:	C$80,600
Settlement date:	Feb. 28
Stock symbol:	TSX Venture: BLK
Stock price:	C$0.185 at close Feb. 27
Common shares
Amount:	C$1,618,000
Shares:	10,112,500
Price:	C$0.16
Flow-through shares
Amount:	C$1.26 million
Shares:	6.3 million
Price:	C$0.20

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