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Pistol Bay Mining Inc Announces Private Placement


Tuesday, 29 Jan 2013 07:00am EST 

Pistol Bay Mining Inc announced that it has arranged a non-brokered private placement of up to 5,000,000 units for total proceeds of up to $600,000. Up to 5,000,000 units will be issued as non flow-through units at a price of $0.12 per unit consisting of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 per share for 18 months from the date of closing. The proceeds of the private placement will be used for general working capital. Finders fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering. 

Company Quote

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10 Jul 2014