Trading Symbol: TSX-V: JSP
CALGARY, April 25, 2016 /CNW/ - Jasper Mining
Corporation ("Jasper") (TSX-V:JSP) is pleased to announce that it
has completed a non-brokered private placement, as announced on
April 13, 2016, and accordingly has
issued 400,000 units at $0.05 per
unit; for gross proceeds to the Company of $20,000. Each unit will consist of 1 common
share and 1 common share purchase warrant. The warrants are
at an exercise price of $0.10 and
expire April 25, 2018.
The private placement resulted in the issuance of 400,000 common
shares and 400,000 share purchase warrants. There was 1
subscriber to the private placement.
This is a non arms length issue at the current market price to 1
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