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Nitinat Minerals Corp Announces Private Placement


Tuesday, 5 Feb 2013 01:22pm EST 

Nitinat Minerals Corp announced that it intends to raise gross proceeds of up to $3 million through a non-brokered private placement of up to 10 million units (the Units) of the Company at a price of $0.30 per Unit. Each Unit will consist of one common share and one common share purchase warrant (Warrant). Each Warrant will entitle the holder to purchase one common share at a price of $0.40 for a period of two years from date of issuance. A finder's fee may be paid by the Company in connection with the private placement.Nitinat intends to use the net proceeds to increase its ownership in Techniton LLC to 18% through its wholly owned subsidiary, Taman Petroleum Corporation (Taman) ; to fund its ongoing exploration work on its Jasper Property and for general working capital. 

Company Quote

0.05
-0.0050 -9.09%
22 Oct 2014