Provider: Thomson Reuters Stock Report
Northern Vertex Mining Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Northern Vertex Mining Corp Announces $5 Million Private Placement Financing
Northern Vertex Mining Corp announced that, further to the Company's news release on July 10th, it will be proceeding with a Private Placement equity financing (the Private Placement) of approximately 7.7 million units (each Unit) at a purchase price of $0.65 per Unit, for aggregate gross proceeds to the Company of approximately $5,000,000. Each Unit consists of one common share (Common Share) of the Company and one-half of one transferable share purchase warrant (Warrant). Each whole Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.90 for a period of 18 months from the closing date of the Private Placement. The expiry date of the Warrants may be accelerated, at the sole option of the Company, to 30 business days following the date on which the Company gives notice that its common shares have closed for 21 consecutive trading days at a price of $1.40 or greater. Cash finders' fees within TSX Venture policy guidelines will be paid on a portion of the Private Placement. Completion of the Private Placement is targeted for early September, 2013. The Company intends to use the net proceeds of the Offering for the advancement of the Moss project, including the completion of a feasibility study and general corporate purposes. The Private Placement as well as any upsizing is subject to acceptance by the TSX Venture Exchange.
Latest Developments for Northern Vertex Mining Corp
- Northern Vertex Mining Corp increases non-brokered private placement financing to C$3.5 million
- Northern Vertex Mining Corp announces C$2.5 mln non-brokered private financing
- Northern Vertex Mining Corp Files Preliminary Prospectus for Common Shares Offering
- Northern Vertex Mining Corp Closes Sale Of Lemhi Property Joint Venture Interest For Total Proceeds Of $7.65 Million
Latest Key Developments in Gold
- Aegean Metals Group Inc announces letter agreement for proposed acquisition by Mariana Resources Limited
- Norton Gold Fields Limited announces notice on off market takeover offer for ordinary shares in Bullabulling Gold Limited
- Viking Mines Ltd announces off-market takeover bid to acquire all of ordinary shares in Auminco Mines Limited
- Resolute Mining Ltd gives FY 2015 production guidance
- Share this
- Digg this