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Polar Star Mining Corp Announces Closing Of Non-Brokered Private Placement


Tuesday, 23 Jul 2013 10:10am EDT 

Polar Star Mining Corp announced that it has completed the sale of 25,904,663 common shares for aggregate gross proceeds of CAD3,108,560 under the private placement. As announced on June 7, 2013, each common share was priced at $0.12. The private placement was completed in two tranches: 20,326,664 common shares issued June 25, 2013 for gross proceeds of CAD2,439,200; 5,577,999 common shares issued July 23, 2013 for gross proceeds of CAD669,360. Proceeds of the Private Placement will be used to finance exploration and development programs and for general corporate purposes. The Common Shares issued under the Private Placement are subject to a four month hold period in Canada from their date of issue. 

Company Quote

0.06
-0.015 -20.00%
28 Jul 2014