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Provider: Reuters Investment Profile

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Papuan Precious Metals Corp receives TSX final approval on non-brokered private placement financing

Friday, 11 Jul 2014 03:20pm EDT 

Papuan Precious Metals Corp:Receives final exchange approval of previously announced financing that raised $776,000.As part of financing, company issued 4,850,000 common share purchase warrants with an exercise price of $0.12 per share, expiring June 24, 2016.Shares and warrants issued for financing are subject to hold period that expires on Oct. 25, 2014.As stipulated by Exchange, company will only advance portion of proceeds of financing as loan to company's newly formed subsidiary upon approval by shareholders of loan and plan of arrangement to be held in mid-Sept. 2014. 

Company Quote

-0.0050 -20.00%
20 Oct 2014