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Cornerstone Metals Inc Amends Private Placement To Increase Units Offered To 2,000,000 Units
Cornerstone Metals Inc announced it has amended a private placement previously announced on October 15, 2012 to increase the number of units offered to up to 2,000,000 units, priced at $0.125 per unit, for total gross proceeds of up to $250,000, subject to TSX Venture Exchange approval. Commissions may be paid in accordance with TSX Venture Exchange policies. Each unit will be comprised of one common share and one warrant, with each warrant exercisable at $0.20 per share any time within an 18-month period from the closing date of the Private Placement. The Company expects to use the proceeds of the Private Placement for general working capital.
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