Analyst Research

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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData

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Pistol Bay Mining Inc Closes First Tranche Of Financing

Tuesday, 2 Jul 2013 07:30pm EDT 

Pistol Bay Mining Inc announced that the first tranche, with respect to the non-brokered private placement announced on June 4, 2013, has closed. The Company has raised $141, 600 at a price of $0.06 per unit. A total of 2,360,000 units at a price of $0.06 per unit were issued as non-flow-through units consisting of one common share and one share purchase warrant. One warrant will entitle the holder to purchase one additional common share of the company at a price of $0.10 for 18 months expiring December 27, 2013. Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring October 28, 2013. The proceeds of the private placement will be used for general working capital. 

Company Quote

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17 Dec 2014