Trading Symbol: TSX-V: JSP
CALGARY, April 13, 2016 /CNW/ - Jasper Mining
Corporation ("Jasper") (TSX-V:JSP) is pleased to announce a
non-brokered private placement of $20,000 through the sale of 400,000 hard dollar
units at $0.05 per unit. Each
unit will consist of 1 common share and 1 common share purchase
warrant with a term of 24 months, and an exercise price of
$0.10. The common shares and
warrants will have a hold period of four months.
The private placement will result in the issuance of 400,000
common shares, and 400,000 share purchase warrants.
This is a non arms length issue at the current market price to
one insider of Jasper Mining Corporation.
This News Release is being issued in accordance with TSX Venture
Exchange procedure which requires a News Release be made that
discloses the material details of the private placement.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE Jasper Mining Corporation