By Devika Patel
Knoxville, Tenn., March 16 - Blue Note Mining Inc. said it completed a C$1 million non-brokered private placement of units.
The company sold 8,333,333 units at C$0.12 apiece to the MineralFields Group. Each unit consists of one flow-through common share and a warrant. Each warrant is exercisable at C$0.25 for two years.
Proceeds will be allocated to the company's Canadian projects.
Blue Note is a mineral exploration company based in Montreal.
| Issuer: | Blue Note Mining Inc.
|
| Issue: | Units of one flow-through common share and a warrant
|
| Amount: | C$1 million
|
| Units: | 8,333,333
|
| Price: | C$0.12
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Investor: | MineralFields Group
|
| Settlement date: | March 16
|
| Stock symbol: | TSX Venture: BNT
|
| Stock price: | C$0.115 at close March 16
|
| Market capitalization: | C$11.1 million
|
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