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Provider: Reuters Investment Profile
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Colombian Mines Corp Announces $1.5 Million Non-Brokered Private Placement


Monday, 4 Nov 2013 08:45am EST 

Colombian Mines Corp announced that International Finance Corporation (IFC) has proposed to make an initial investment of up to $1.5 million dollars in Colombian Mines by means of a non-brokered private placement, subject to regulatory approval and approval by the boards of directors of Colombian Mines and IFC. The placement will consist of up to 5,000,000 units (the Units) at a price of $0.30 per Unit for gross proceeds of up to $1.5 million dollars. Each Unit will consist of one common share of stock and one full share purchase warrant. Each full warrant will be exercisable for one additional share of the Company's common stock for five years at a conversion price equal to $0.45 per share. Shares will be subject to a mandatory 4 month hold period. 

Company Quote

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25 Sep 2014