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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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Sniper Resources Ltd Announces Private Placement

Wednesday, 16 Jan 2013 03:42pm EST 

Sniper Resources Ltd announced that it is arranging a non-brokered private placement of up to 12,000,000 units at $0.05 per unit to raise gross proceeds of up to $600,000. Each unit will consist of one common share of the Company and one warrant to purchase an additional common share at $0.10 per share for a period of two years. Only qualified accredited investors or other qualified purchasers under applicable securities laws will be permitted to participate in the private placement. Finder's fees of 10%, payable in cash, may be paid to eligible persons in connection with the private placement. The proceeds of the private placement will be used firstly, for working capital purposes and secondly, for a Phase 3 drilling program on the Weepah property depending on the amount of funds raised in the private placement. Please refer to the Company's previous news releases for assay results and additional details on the Weepah property. 

Company Quote

0.0050 +7.14%
16 Sep 2014