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Continental Precious Minerals Inc completes flow-through financing


Wednesday, 14 May 2014 02:21pm EDT 

Continental Precious Minerals Inc:Completes non-brokered flow-through financing for aggregate gross proceeds to company of C$786,983 (Offering).Company issued 2,248,522 flow-through shares at an issue price of C$0.35 per share.Gross proceeds of Offering are intended to be used by Company to incur Canadian exploration expenses prior to Dec. 31, 2015.On DOK copper-gold porphyry property located about 40 kilometres southwest of Telegraph Creek, in northwest British Columbia, Canada, which was recently optioned by company from Boxxer Gold Corp. (Boxxer).Company will renounce Qualifying Expenditures to subscribers of Flow-Through Shares for fiscal year ended Dec. 31, 2014.In connection with completion of the Offering, Company paid finder's fees totalling C$49,358.65 and issued 115,124 compensation options.With each compensation option exercisable into common share of Company at an exercise price of C$0.37 per share for a period of two years. 

Company Quote

0.45
-0.05 -10.00%
23 Jul 2014