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Mega Precious Metals Inc announces pricing of best efforts flow-through private placement


Tuesday, 10 Dec 2013 05:43pm EST 

Mega Precious Metals Inc:Says that it has priced, together with Paradigm Capital Inc., the lead agent on behalf of a syndicate of agents, its previously announced best efforts private placement.Says pursuant to the offering, the company will issue up to 12,500,000 common shares of the company at a price of C$0.12 per flow-through share for aggregate gross proceeds of up to C$1,500,000.Says the agents will also have the option to purchase such number of flow-through shares as is equal to 15% of the number of flow-through shares issued pursuant to the offering.Says the agents' option is exercisable by the agents up to 48 hours prior to the closing of the Offering.Says the net proceeds of the offering will be used to explore and develop the company's mineral properties located in the Province of Manitoba. 

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