Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$250.00
Provider: GlobalData
$250.00
Provider: GlobalData
$125.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Search Minerals Inc announces closing of non-brokered financing, issuance of shares-for-debt and warrant extension application


Monday, 10 Feb 2014 08:00am EST 

Search Minerals Inc:Says it has closed the second and final tranche of a non-brokered private placement (the Private Placement).Says pursuant to the second tranche, it issued an aggregate of 3,695,382 units (the Units ) at a price of C$0.07 per Unit for gross proceeds of C$258,767.70.Says including units sold pursuant to the first tranche of the private placement, it issued a total of 8,906,464 Units for aggregate gross proceeds of about C$623,450.Says in addition to the cash proceeds from the offering, Search has agreed to settle an aggregate of $121,250 of indebtedness owed to certain directors and officers of the company through the issuance of an aggregate of 1,732,412 common shares at a deemed issuance price of $0.07 per common share.Says it will use the proceeds from the private placement for due diligence and expenses related to the transaction between MSFA and the company properties in the Port Hope Simpson REE District, and for general working capital. 

Company Quote

0.055
0.0 +0.00%
20 Aug 2013